Property Description
CRER is pleased to present a triple-net retail investment opportunity.  The three property neighborhood plaza portfolio has an in place NOI of $675,000 and a mixture of credit tenants including AT&T, Chipotle and Sherwin-Williams.  The properties are approximately 31,000 SF in total, are currently 85% occupied and have been well maintained by current ownership.  The portfolio offers qualified purchasers the opportunity to acquire a stable income stream while offering an investor various value enhancement possibilities.
 
Price: $9,000,000
NOI : $675,000
Cap Rate: 7.50%
Total SF: 31,000 

Great visibility and signage at signalized intersection of heavily trafficked Harlem Ave. Significant rent escalation for AT&T May 2024. 30 free surface spaces available.

Investment package consisting of:

Address Map
Address Location
US
IL
Palos Heights
60463
Harlem
11901
Ave

11901 S Harlem Ave, Palos Heights, IL 60463

11901 Harlem Ave, Palos Heights, Illinois 60463

31,000 Sqft
$9,000,000
Listing ID #1349
Property Details
Listing Type : For Sale Listing
Property Type : Retail
Price : $9,000,000
Property Sub-type : Retail Center
Listing ID : 1349
Building Size : 31,000 Sqft
Year Built : 0
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