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12803 S Harlem Ave
Palos Heights, IL 60463

$17,126,903 USD

Supermarket For Sale  •  57,685 SF

Property Details

• Property Type Supermarket
• Total Building Size 57,685 SF
• Lot Size 10.06 AC
• Building Class B
• Year Built 2012
• Cap Rate 5.65 %
• Tenancy Single

0 Transit Score

73 Walk Score

Highlights

INVESTMENT GRADE TENANT – Property features a 13-year lease with a corporate guarantee from Albertsons Companies

ATTRACTIVE ASSUMABLE DEBT – This property has assumable financing available at a 4.38% interest rate. The loan is coterminous with the lease term

COMPLETELY PASSIVE INVESTMENT – The lease is absolute NNN (no landlord responsibilities). Lease features 7.5% rental Increases every five years.

STRONG DEMOGRAPHICS – 250,000+ people within a 5-mile radius, providing a great target market of grocery shoppers.

RESILIENCE TO ECONOMIC CYCLES – Grocery retail is considered recession-resistant, as consumers prioritize spending on essential goods

MODERN GROCERY STORE FORMAT – The property, built in 2012, features a modern store layout, a convenient drive-thru pharmacy

Cap Rate:

5.65 %

Amenities

• Pylon Sign
• Signalized Intersection

Public Transportation

Commuter Rail	Drive	Walk	Distance
Palos Park Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	1.8 mi
Palos Heights Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra))	6 min	-	3.2 mi
Airport	Drive	Walk	Distance
Chicago Midway International	20 min	-	11.9 mi
Chicago O'Hare International	43 min	-	30.7 mi