Commercial Real Estate in Hazel Crest available for sale
Hazel Crest NNN Properties For Sale

NNN Property for Sale in Hazel Crest, IL, USA

More details for 17100 S Dixie Hwy, Hazel Crest, IL - Retail for Sale

Value Add Neighborhood Retail | 90% Occupied - 17100 S Dixie Hwy

Hazel Crest, IL 60429

  • NNN Property
  • Retail for Sale
  • $1,285,426 CAD
  • 9,422 SF

Hazel Crest Retail for Sale - Near South Cook

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 9,422 square foot neighborhood retail center located in Hazel Crest, directly off the I-294 highway. Well-sited at the signalized intersection of Dixie Hwy and 171st St, the property features an above average yield of 9.00% on the in-place income. The property has shallow depth bays, ample parking, and benefits from the wellestablished tenants in place. With one vacant unit accounting for 10% of the square footage, investors can further push their Year 2 CAP rate to 11.13%. Current ownership recently signed another lease for ~2,000SF, establishing clear demand for space here. The retail center has been well-maintained by the current owners, who are largely focused on their industrial and office portfolio of over 1,500,000 square feet. All the tenants operate on Modified Net leases, reimbursing all CAM Expenses, Insurance, partial Management Fees, and their pro rata share of real estate tax increases over the base year expense. Located on the edge of a dense neighborhood, the center benefits from solid suburban demographics – over 75,000 people live within three miles of the property and average household incomes exceed $91,000 annually within the same radius. This retail property further benefits from visibility to 15,000 vehicles per day on Dixie Hwy. Listed at an 9.00% CAP rate and Price/SF of $98.33, this is an opportunity to purchase a well-performing asset with a yield that’s difficult to replicate elsewhere. Please contact Marcus & Millichap with additional questions.

Contact:

Marcus & Millichap

Property Subtype:

Storefront

Date on Market:

2023-05-08

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NNN Properties for Sale within 10 kilometers of Hazel Crest, IL, USA

More details for 104 S Halsted St, Chicago Heights, IL - Office for Sale

Social Security Administration - 104 S Halsted St

Chicago Heights, IL 60411

  • NNN Property
  • Office for Sale
  • $4,268,024 CAD
  • 15,283 SF
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More details for 4349 211th St, Matteson, IL - Retail for Sale

KFC | Adjacent to Huge Planned Development - 4349 211th St

Matteson, IL 60443

  • NNN Property
  • Retail for Sale
  • $3,608,627 CAD
  • 5,116 SF
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More details for 1043 E Sibley Blvd, Dolton, IL - Retail for Sale

KFC | Strong Sales | 10 Years NNN - 1043 E Sibley Blvd

Dolton, IL 60419

  • NNN Property
  • Retail for Sale
  • $2,697,106 CAD
  • 2,474 SF
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More details for 17505 Halsted St, Homewood, IL - Retail for Sale

KFC | 10+yrs Remain Abs NNN - 17505 Halsted St

Homewood, IL 60430

  • NNN Property
  • Retail for Sale
  • $3,088,352 CAD
  • 4,165 SF
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More details for Investment Grade Portfolio Offering – Retail for Sale

Investment Grade Portfolio Offering

  • NNN Property
  • Specialty for Sale
  • $548,023 CAD
  • 3,200 SF
  • 3 Specialty Properties
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NNN Properties For Sale

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