Chicago Retail for Sale - South Chicago

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Pizza Hut investment property located in Chicago, Illinois. The tenant, PH S Stoney Island LLC, will sign a brand new 15 year lease with 3 (5-year) options to extend at close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Subtype:

Restaurant

Date on Market:

2025-04-02

Machesney Park Retail for Sale - I-39 Corr/Winnebago Cnty

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, drive-thru equipped, Church’s Chicken investment property located in Machesney Park, Illinois. The tenant recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Property Subtype:

Fast Food

Date on Market:

2025-03-28

Elmwood Park Retail for Sale - Oak Park Area

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 2-tenant investment property located in Elmwood Park, Illinois. The tenant, Little Newton’s, has an agreement in place to extend the lease until 6/30/2037, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. Foss Swim School has over 4 years of term remaining. Both leases currently feature 1.5% annual rental increases throughout the initial term and Little Newton’s extend throughout each option period, steadily growing NOI and hedging against inflation. The leases are absolute NNN in structure with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

Property Subtype:

Freestanding

Date on Market:

2025-03-17

Oak Park Retail for Sale - Oak Park Area

Please do not disturb Tenant.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-03-07

Orland Park Retail for Sale - South Route 45

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Lease is triple net with virtually no landlord responsibilty. Ten year Lease. Start date 5/2021. Base rent increases to $82,500 on June 1, 2026 S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

Property Subtype:

Restaurant

Date on Market:

2025-03-07

Chicago Retail for Sale - South Chicago

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no Landlord responsibilty. Lease started on Janaury 1, 2020. 10% bump on June 1, 2028. Tenant has (1) 10 year renewal option that also has a 10% bump upon renewal and another 10% increase on 6/1/2038. S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

Property Subtype:

Restaurant

Date on Market:

2025-03-06

Maywood Retail for Sale - Melrose Park Area

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no landlord responsibilty. Ten (10) year lease that started on April 1, 2024. There is a 10% bump on 4/1/2029. Tenant has (1)10 year renewal option that also has a 10% on 4/1/2034 and again on 4/1/2039. S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

Property Subtype:

Storefront

Date on Market:

2025-03-06

Calumet City Retail for Sale - Near South Cook

Brookline Real Estate, LLC presents the opportunity to acquire a Dollar General Redevelopment triple-net (NNN) investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.25% CAP rate with tremendous cash flow and continued growth. Rankings: Top 95% Dollar General in 15 Mile Radius Top 91% Dollar General in Illinois Top 87% Dollar General Nationwide

Property Subtype:

Drug Store

Date on Market:

2025-03-05

Bensenville Retail for Sale - O'Hare

HMX Realty Advisors exclusively presents for sale a rare opportunity to acquire a property featuring a restructured absolute triple net lease with CVS, an investment-grade tenant (NYSE: CVS), further enhanced by a sublease with AutoZone, a leading auto parts retailer. This structure offers an exceptionally secure and predictable income stream for the next 17 years, mitigating typical retail investment risks. CVS entered a new 20-year lease in 2022 in exchange for a significant rent reduction. Key Advantages: Investment-Grade Security: While the property is currently occupied by AutoZone, the primary lease obligation rests with CVS, a Fortune 500 company. This provides a substantial layer of financial security, as CVS remains contractually bound to the lease, regardless of AutoZone's occupancy. This eliminates the risk of vacancy or tenant turnover typically associated with single-tenant properties. Think of it as having the stability of CVS as your tenant, even with the benefit of AutoZone's daily operations. De-risked Retail Investment: Unlike traditional retail investments, where tenant closures are a concern, this property has already navigated that potential challenge. CVS strategically subleased the location to AutoZone after getting a significant rent reduction and more lease term. This proactive approach by CVS effectively de-risks the investment for you. Strong Location & Market: The property is situated in a high-traffic area in Bensenville, near O'Hare International Airport, and benefits from the strong retail presence of nearby Walgreens. This prime location contributes to the success of AutoZone and reinforces the long-term value of the real estate. Attractive Entry Point: The current rental rate of $194,450 per year reflects a strategic rent reduction negotiated by CVS in conjunction with their 20-year lease extension. This creates an attractive entry point for investors seeking a stable, long-term return with no management responsibilities whatsoever. Unique Investment Narrative: This property offers a compelling narrative – a secure, long-term lease with an investment-grade tenant, enhanced by a successful sublease to a well-established retailer. This unique structure allows for a lower cap rate justification, reflecting the reduced risk profile compared to typical retail investments. The property is very close to O’Hare International Airport in Chicago, one of the busiest airports in the United States. There are many shipping and warehousing uses nearby which service the airport and give this area a significant daytime population. Retailers in the immediate area include PB, Popeye’s, Dunkin Donuts, Speedway, UPS, Burger King, Shell, Walgreens and McDonald’s.

Property Subtype:

Freestanding

Date on Market:

2025-02-26

Palos Park Retail for Sale - South Route 45

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Palos Park, Illinois. Walgreens has successfully operated at this location since 2002 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The current lease runs through November 2027. Additionally, there are ten 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue The 14,820-square-foot building is strategically positioned at the signalized intersection of US-45 (South LaGrange Road) and West 131st Street, which sees a combined 48,900 vehicles per day. The property also bene?ts from its shadow anchor position next to Jewel-Osco. Neighboring retailers include ALDI, Chase Bank, DaVita, Circle K, Dunkin’, and Old National Bank, among others. The building is within walking distance of Carl Sandburg High School, which enrolls approximately 2,800 students. More than 145,700 people live within a ?ve-mile radius of the site, and within one mile, the average household income is $143,618, re?ecting the area’s affluent demographics. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

Property Subtype:

Drug Store

Date on Market:

2025-02-13

Tinley Park Retail for Sale - South Route 45

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Tinley Park, Illinois. Walgreens has successfully operated at this location since 2007 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The lease runs through August 2032 leaving over 7 years of term remaining. Additionally, there are ten 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue. The 14,820-square-foot building is strategically located at the signalized intersection of West 171st Street and 84th Avenue, which experience a combined 23,400 vehicles per day. Its high visibility is further enhanced by Victor Andrew High School (2,100 students) and the Tinley Park – Park District, both of which draw continual traffic through the corridor. The property also benefits from proximity to South LaGrange Road (43,100 VPD) and Interstate 80 (122,400 VPD), making it easily accessible from major thoroughfares. Additionally, there are over 174,000 people living within a five-mile radius. The area is comprised of an affluent population that earns an average household income of $143,282 (within one mile). Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

Property Subtype:

Drug Store

Date on Market:

2025-02-12

Kildeer Retail for Sale - Central Northwest

NNN Pro is pleased to present the exclusive listing for a BrightPath Early Learning located at 20786 North Quentin Road, Kildeer, Illinois 60010. The site consists of roughly 11000 rentable square feet of building space on an estimated 2.48-acre parcel of land. This BrightPath Early Learning is subject to a 15-year Modified Triple Net lease, which commenced 6/15/2025. The current annual rent is $495,000 and has scheduled increases of 2.00% Annually.

Property Subtype:

Day Care Center

Date on Market:

2025-02-10

Herscher Retail for Sale

Please note that this is NOT a whole building purchase. 46.01% of the property is being sold.

Property Subtype:

Freestanding

Date on Market:

2025-01-21

Chicago Ridge Retail for Sale - Near South Cook

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella. This 2,242-square-foot property is located on 111th Street just west of the I294 on off ramp in the south suburb of Chicago Ridge. The property sits on a commercial corridor surrounded by industrial parks and residential. 111th Street brings 33,800+ people by the property daily. There are over 15,000 people within 1 mile and 119,000+ people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,376,623 corresponding to a 7.70% cap rate.

Property Subtype:

Auto Repair

Date on Market:

2025-01-08

Worth Retail for Sale - Near South Cook

The Snyder Carlton National Net Lease Team is pleased to present an exceptional investment opportunity to acquire a high-quality, single-tenant CVS property located in Worth, Illinois, within the thriving Chicago Metropolitan Statistical Area (MSA). This asset offers a long-term, absolute NNN lease with over 14 years remaining in the primary term, plus five 5-year renewal options, each with 5% rent increases—making it a prime choice for investors seeking stable, passive income for years to come. The 16,000 SF building is situated on a 1-acre parcel at a highly visible and accessible location along W 111th Street and Normandy Avenue W (29,172 VPD), just adjacent to Interstate 294 (154,600 VPD). With its prominent position and easy access, the property enjoys excellent traffic and visibility, ensuring continued success for the tenant. Nearby retailers and amenities include CIBC Bank, O’Reilly Auto Parts, Chase Bank, Baskin-Robbins, Subway, Dollar Tree, Family Dollar, Advance Auto, Walgreens, and many others, making this a well positioned asset in a busy retail corridor.

Property Subtype:

Drug Store

Date on Market:

2025-01-07

Alton Office for Sale - Illinois

Excellent investment opportunity & great central location! Medical office building w/64,800 sf w/approx. 54,000 rsf with over 1/2 of the building rented w/2-5yr NNN leases. The building consists of 2 floors & lwr level. The main floor offers a common area including a lobby, bathrooms, conference room & 2 elevators that service all 3 levels. There is prime space available on the 1st floor for lease. The lower & 2nd level are leased to a large St. Louis based medical healthcare system & 2 other prominent medical tenants. The exterior of the building is brick & glass & sits on 4.3 acres w/ a large asphalt parking area that has approx. 270 parking spaces, w/ 10 handicap. The property has 2 parcels & is zoned C2 General Commercial Dist. Uses include restaurant, retail stores professional/personal services and medical offices. This property has easy access to major hwys (Rte 3, Rte 140 & College Ave) & close to Interstates 255 & 270. Avg. daily vehicle counts are approx. 14,200 VPD.

Property Subtype:

Medical

Date on Market:

2024-12-13

Algonquin Retail for Sale - Far Northwest

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, Red Robin investment property located in Algonquin, Illinois. The tenant, Red Robin International, Inc., has over 6 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Subtype:

Restaurant

Date on Market:

2024-12-03

Berwyn Retail for Sale - Cicero/Berwyn Area

This passive net-lease opportunity offers a qualified buyer the chance to invest in a leading, national tenant, with a long-term absolute net lease in a highly desirable Chicago neighborhood. This location has incredibly strong store sales and an extremely low rent-to-sales ratio, please call agent for more details! JEWEL-OSCO Jewel-Osco is Illinois' leading supermarket chain with 189 locations primarily within the Chicago MSA and additional locations throughout Iowa and Indiana. Jewel-Osco maintains market dominance in the Chicago MSA and leads local grocers with the highest market share. Jewel has operated as a subsidiary of Albertsons (NYSE:ACI) since 1999. STICKNEY, ILLINOIS Just minutes from downtown Chicago, Stickney, Illinois, offers the perfect blend of suburban tranquility and convenient access to big-city perks. As part of the Chicago Metropolitan Statistical Area (MSA), Stickney provides a family-friendly atmosphere, strong community spirit, and affordable living options—all within easy reach of Chicago’s thriving job market, cultural attractions, and diverse dining scene. Illinois Broker of Record: Steven Weinstock One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 P: (630) 570-2200 Steven.Weinstock@MarcusMillichap.com Lic #: 471.011175

Property Subtype:

Supermarket

Date on Market:

2024-11-18

Naperville Retail for Sale - Western East/West Corr

This passive net-lease opportunity offers a qualified buyer the chance to invest in a leading, national tenant, with a long-term absolute net lease in a highly desirable Chicago neighborhood. This location has incredibly strong store sales and an extremely low rent-to-sales ratio, please call agent for more details! JEWEL-OSCO Jewel-Osco is Illinois' leading supermarket chain with 189 locations primarily within the Chicago MSA and additional locations throughout Iowa and Indiana. Jewel-Osco maintains market dominance in the Chicago MSA and leads local grocers with the highest market share. Jewel has operated as a subsidiary of Albertsons (NYSE:ACI) since 1999. NAPERVILLE, ILLINOIS Nestled within the Chicago Metropolitan Statistical Area (MSA), Naperville combines the charm of a close-knit community with the dynamic energy of a major metro region. As one of the largest suburbs of Chicago, Naperville benefits from easy access to world-class business opportunities, a highly skilled workforce, and the cultural richness of a globally renowned city. With top-rated schools, a vibrant downtown, and proximity to Chicago’s economic hub, Naperville offers an ideal balance of suburban comfort and urban convenience. Illinois Broker of Record: Steven Weinstock One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 P: (630) 570-2200 Steven.Weinstock@MarcusMillichap.com Lic #: 471.011175

Property Subtype:

Storefront

Date on Market:

2024-11-18

Carpentersville Retail for Sale - Far Northwest

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Popeyes investment property located in Carpentersville, IL (Chicago MSA). The tenant is HZ Props RE, Ltd., an entity of Dhanani Group, one of the largest Popeyes and Burger King franchisees in the country with hundreds of locations. Founded in 1972, Popeyes is among the most prominent QSR brands, with roughly 4,000 locations around the world. The lease has over two years of firm term remaining with an additional two (5-year) option periods to extend and features 1% annual rental increases throughout the initial term and options, steadily increasing NOI and hedging against inflation. With an absolute NNN structure and zero landlord responsibilities, this asset offers a truly passive, management-free investment opportunity.

Property Subtype:

Fast Food

Date on Market:

2024-10-28

Lisle Retail for Sale - Western East/West Corr

Property Subtype:

Drug Store

Date on Market:

2024-10-17

Hanover Park Retail for Sale - Far Northwest

ILLINOIS BROKER OF RECORD - Michael Schertler - License No 471.011764 Faris Lee Investments and Great Street Realty Partners is pleased to offer the opportunity to acquire a corporate backed 2 tenant investment consisting of Harbor Freight and new Dollar Tree Store. Harbor Freight has approximately 5 years of primary term remaining and is paying a below market rent of $9.17 per square foot. Dollar Tree signed a new 10 year lease at this location to increase the sales for the company in this trade area and complement their top performing existing store (top 2 Percentile nationwide). The low rents being paid by Harbor Freight and Dollar Tree, and favorable pricing, allows the investor to purchase the property at $141 per square foot which is well below replacement costs for the building. The building underwent significant renovation in 2014 and 2023 with a new façade, new roof, new parking lot, landscaping, lighting and signage. Dollar Tree added new HVAC for their premises and upgraded the interior improvements as well, adding value to the to the premises. The subject property is ideally positioned at the signalized intersection of heavily travelled Irving Park Road and Barrington Road, which combine for approximately 58,288 cars per day. The national retailers in the immediate trade area: Wal-Mart, Menards, Walgreens, Target, Home Depot, Jewel-Osco, Dollar Tree among others boasts excellent sales as the majority of these stores are top performing both nationally and in the metro area (see Placer Data on page 6). The strength of the trade area is attributed to the strong demographics of the Hanover Park area with approximately 130,000 residents within 3 miles of the property, and an Average Household Income of $102,000 within a 5 mile radius.

Property Subtype:

Storefront

Date on Market:

2024-09-12

Chicago Retail for Sale - Lincoln Park

This offering is presented by KW Commercial and Keller Williams ONEChicago. Located at 3219 N. Clark Street in Chicago’s vibrant Lake View neighborhood, this property offers a unique redevelopment opportunity. The building, originally constructed in 1925 and classified as Class C, features a gross leasable area (GLA) of 6,992 square feet. With a current tenant occupying the ground floor, the upper floors are primed for conversion to residential apartments, making this a compelling mixed-use investment. Redevelopment Opportunity Residential Conversion: Potential to transform the 2nd and 3rd floors into (4) 900 SF residential apartments at $65,000 per unit for the renovation. 2nd Floor: (2) 2-bedroom, 2-bathroom unit with a pro forma rent of $3,250 per month. 3rd Floor: (2) 2-bedroom, 2-bathroom unit with a pro forma rent of $3,250 per month. Ground Floor Commercial Space: Maintains income stability with 3,300 SF of medical office or retail space under a pro forma NNN rent of $33.00/SF annually. Cash Flow Opportunity During Pre-Renovation Phase The current tenant’s lease, which began on January 1, 2006, runs through December 31, 2027. Starting in January 2026, the base rent will increase to $18,063 per month. This structure provides an investor with the opportunity to generate consistent cash flow (rental income) while obtaining plans and permits for renovations. Renovation work cannot commence until the tenant vacates the property, offering the investor time to prepare while maintaining financial stability. Financial Summary The purchase price is $2,000,000. The ground-floor lease provides consistent income, with the base rent increasing to $18,063 per month ($31.00/SF) by 2026. The existing lease, which runs through 2027, ensures stable revenue while providing time for the planned residential conversion. Tenant Information Blum Animal Hospital, part of the national VCA Animal Hospitals Inc. network, currently occupies the ground floor. VCA is recognized for its high-quality pet care and extensive network of over 1,000 locations, providing a stable and reputable tenant for the property during the renovation. Location and Market Overview Nestled in the affluent and dynamic Lake View neighborhood, the property enjoys a prime location surrounded by shopping, dining, and cultural attractions. It offers excellent visibility, high foot traffic, and proximity to public transportation, enhancing its appeal to both residents and businesses. Investment Highlights This property combines the security of a long-term, reputable tenant with the significant upside of redevelopment potential. Mixed-use redevelopment offers diversified income streams. Phased renovation approach allows for cash flow during construction. Prime location in a thriving community ensures ongoing demand for residential and commercial spaces. Triple Net Lease (NNN) structure minimizes landlord expenses while maintaining stable cash flow Projected total annual income of $220,600 highlights the value of the planned conversion. The property at 3219 N. Clark Street is an exceptional opportunity for investors seeking to capitalize on Lake View’s robust real estate market while ad. adding value through strategic redevelopment and operational flexibility.

Property Subtype:

Storefront

Date on Market:

2024-08-16

White Hall Retail for Sale

Property Details: Building Area: 10,640 SF Site: .78 AC Year Built: 2023 Price (PSF): $121.05 Guarantor: Dollar General Corporation Appraised in 2022: $1,473,000 Former Kroger Tenant - Finish-to-Suit Lease Overview: Remaining Lease Term: 8 Year Lease Expires: 09/30/32 Lease Type: NNN Options: Three, (5) Year Options Commencement Date: 09/20/2022 Monthly Rent: $7,731.37 Annual Rent: $92,736.00 Three 5-year Options with 10% Increases

Date on Market:

2024-07-22