1025 Dixie Hwy
Chicago Heights, IL 60411
Retail Property For Sale

Marcus & Millichap is pleased to present this net-leased Family Dollar located at 1025 Dixie Highway in Chicago Heights, Illinois. The property is a one-story, single-tenant commercial building currently occupied by Family Dollar since January 2005. The building is approximately 7,655 square feet and was completely renovated in 2004 for current use and has all new electrical, plumbing, and HVAC. Family Dollar executed a new five year lease extension that commenced on January 1, 2005 and is structured as a double-net (NN) lease with minimal landlord responsibilities. The lease includes four additional five-year term extensions with 10 percent rent increases in each option period. The property is located directly across the street from the newly constructed Prairie Green at Dixie Crossing, a 100,000-square-foot senior care facility consisting of 144 rooms. The property has exposure to over 30,000 vehicles per day along Dixie Highway and Chicago Road. The population within 5 miles of the subject property exceeds 172,000 with the average household income exceeding $71,000.