15645 S La Grange Rd
Orland Park, IL 60462
Discovery Clothing | Corp Abs NNN w/ Ann Inc · Retail Property For Sale
Investment Highlights
- Long Term Lease | Just Under 19 Years Remaining | Corporately Guaranteed
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- 2 (10-yr) Option Periods to Extend | 1% Annual Rental Increases Throughout Initial Term and Options
- Close Proximity to Lake View Plaza, Orland Park Place, Orland Crossing and Orland Square Mall | Primary Shopping Destination of SW Chicago Suburbs
Property Facts
About 15645 S LA GRANGE RD , ORLAND PARK, IL 60462
The subject property is strategically located along La Grange Road/US Highway 45 near the signalized, hard corner intersection of 159th Street. La Grange Road/ US Highway 45 is a dominant north-south thoroughfare in the near-southwestern suburbs of Chicago. The site is situated as an outparcel to a Lowe’s Home Improvement store, adjacent to a 2 tenant pad with Sleep Number and DXL. Other nearby outparcels to Lowe’s include Jersey Mike’s Subs, T-Mobile and Chick-fil-A. In addition, directly across La Grange Road is a new development including PDQ Restaurant, Miller’s Ale House and Chuy’s. Orland Park is the premier retail destination for the southwestern suburbs, drawing consumers from the communities of Frankfort, Homer Glen, Mokena, New Lenox, Oak Forest, Orland Hills, Orland Park and Tinley Park. Discovery Clothing is located in an extremely dense retail corridor. Orland Park offers over 11 million square feet of retail including Lake View Plaza, Orland Park Place, Orland Square Mall and Orland Park Crosing. Lake View Plaza is directly across La Grange Road and is anchored by Value City with additional tenants includ-ing Bob’s Discount Furniture, Best Buy, Shoe Carnival, Petco, Golf Galaxy, Ulta, Joann Fabrics and more. Approximately 1/2 mile from subject site is Orland Park Place, featuring Dick’s, Nordstrom Rack, Ross Dress for Less, Stein Mart, Marshalls, Bed Bath and Beyond, Old Navy and Kohl’s, which increases consumer draw and promotes crossover shopping to the trade area. Less than 1 mile from the site is Orland Square Mall, the largest mall and premier shopping destination of Chicago’s southwest suburbs. It consists of ~1.2 million square feet of retail space with over 150 shops and stores with several dining options. The mall is currently anchored by Macy’s and JCPenney, and is set to open two new anchors in 2019 - Von Maur and an AMC movie theater. Additonal tenants include Apple, Pandora, Pottery Barn, Coach, LUSH, Sephora, Banana Republic, William Sonoma and more. Orland Park is approximately 25 miles southwest of Chicago, located in the Chicago MSA.
Property Taxes
| Parcel Number | 27-15-302-033-0000 | Improvements Assessment | $180,260 |
| Land Assessment | $199,428 | Total Assessment | $379,688 |
Property Taxes
