For Sale
$3,833,000

2849 159Th St Markham, IL 60428

High-yield, NNN-leased storefront.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple ownership of a 2,345-square-foot Circle K storefront located at 2849 W 159th St, Markham, IL 60428. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $230,000. Currently operating under a corporate-guaranteed Absolute NNN lease with seven years remaining, the lease includes four, five-year renewal options, ensuring long-term stability and predictable cash flow. Scheduled rental increases are built into the lease structure. The single-story building, constructed in 1964, sits on a 0.43-acre lot and includes 14 parking spaces. The property is zoned C-2 and benefits from its strategic location near Interstate 294 (111,100 vehicles per day), placing it within a thriving retail corridor. The strong demographics within a five-mile radius further enhance the investment potential. The property's features include a 100% occupancy rate and minimal landlord responsibilities, making it an ideal addition to any portfolio. The Cook County property (APN 28-24-200-004) offers a secure and lucrative investment with significant upside potential. This is a rare opportunity to acquire a well-established, high-performing retail property with a national tenant and a long-term lease.

Highlights

  • $3,833,000 asking price for a fee simple interest in a Circle K storefront.
  • Absolute NNN lease with a corporate guarantee, 7 years remaining, and 4, 5-year options.
  • 6.00% cap rate, $230,000 NOI, 100% occupancy.
  • 2,345 square feet on a 0.43-acre lot with 14 parking spaces in a C-2 zoned area.
  • Located at 2849 W 159th St, Markham, IL 60428, near Interstate 294.

Property Details for 2849 159Th St

Property type
Retail properties, Retail space
Square Feet
2,345 SF
Year Built
1964
Buildings
1
Stories
1
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Markham
County
Cook
State
Illinois
Latitude
41.6003947
Longitude
-87.6860044
2849 159Th St, Markham, Illinois

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased storefront.
Where is the retail property located?
The property is located at 2849 159Th St Markham, IL.
What is the asking price?
The asking price for this property is $3,833,000.
What are key features of this property?
This property features: $3,833,000 asking price for a fee simple interest in a Circle K storefront.; Absolute NNN lease with a corporate guarantee, 7 years remaining, and 4, 5-year options.; 6.00% cap rate, $230,000 NOI, 100% occupancy.
How can I contact the broker?
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2849 159Th St
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