6350 135Th StPalos Heights, IL 60463

Property Details for 6350 135Th St

Year built

2000

Lot size

1.69 AC

Property size (Sq ft)

7,800 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 7,800 square foot retail property, located at 6350 W 135th St, Palos Heights, IL 60463, presents a compelling investment opportunity. The property features a 7-Eleven convenience store and gas station as its anchor tenant, operating under a triple-net (NNN) lease with approximately 2 years remaining. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $182,897, based on a current occupancy of 68%. Built in 2000, this single-building property sits on a 1.69-acre lot and includes three units. The property benefits from a high-traffic location at a hard-corner signalized intersection with over 31,000 vehicles daily, and is conveniently situated 3 miles from I-294 and 11.5 miles from Midway International Airport. The property's strategic location within the Chicago MSA, a major metropolitan area, offers significant long-term growth potential. Additional upside potential exists with approximately 4,800 square feet of adjacent space available for lease. The fee-simple ownership provides complete control and potential for future development. This is a rare opportunity to acquire a well-positioned, 7-Eleven anchored retail center in a high-growth market. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.

Location Insight

City

Palos Heights

County

Cook

State

Illinois

Latitude

41.6472

Longitude

-87.7763

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].