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4819 W 93rd St
Oak Lawn, IL 60453
Strickland Brothers (Dark) · Retail Property For Sale


Investment Highlights
- Long Term Lease
- Zero Management Responsibilities
- High Traffic Counts
- Attractive Rent Increases
- Recently Renovated
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a dark Strickland Brothers located at 4819 W 93rd Street in Oak Lawn, Illinois (the “Property”). The free-standing single tenant Strickland Brothers consists of a 1,814 square foot building on a 0.30-acre parcel of land. Strickland Brothers has 12+ years remaining on their Absolute NNN Lease. The lease calls for attractive 10% rent increases every 5 years throughout the primary lease term.
Strickland Brothers has ceased operations at this location but will continue to pay base rent and maintain the premises at Tenant’s sole cost and expense for the remainder of their primary lease term (through 09/30/2038). 4819 W 93rd Street benefits from a highly visible location along Southwest Highway/93rd Street, adjacent to the signalized intersection with Cicero Avenue (IL Route 50), providing excellent exposure and accessibility. The property is less than 0.5 miles from Advocate Christ Medical Center, a 749-bed regional healthcare facility and major area employer, and 2 miles from Saint Xavier University, creating a substantial nearby employment and daytime population base. The surrounding area is further supported by established residential neighborhoods, Oak Lawn Community High School and other local schools, as well as a diverse mix of retail, dining, medical and service-oriented businesses. Convenient access to Cicero Avenue, 95th Street, Interstate 55, Interstate 57 and Interstate 294 provides connectivity throughout Oak Lawn and the broader Chicago metropolitan area. The combination of strong traffic exposure, proximity to major healthcare and employment centers, established residential density and excellent regional accessibility makes 4819 W 93rd Street a well-positioned commercial property within the Oak Lawn market.
Strickland Brothers has ceased operations at this location but will continue to pay base rent and maintain the premises at Tenant’s sole cost and expense for the remainder of their primary lease term (through 09/30/2038). 4819 W 93rd Street benefits from a highly visible location along Southwest Highway/93rd Street, adjacent to the signalized intersection with Cicero Avenue (IL Route 50), providing excellent exposure and accessibility. The property is less than 0.5 miles from Advocate Christ Medical Center, a 749-bed regional healthcare facility and major area employer, and 2 miles from Saint Xavier University, creating a substantial nearby employment and daytime population base. The surrounding area is further supported by established residential neighborhoods, Oak Lawn Community High School and other local schools, as well as a diverse mix of retail, dining, medical and service-oriented businesses. Convenient access to Cicero Avenue, 95th Street, Interstate 55, Interstate 57 and Interstate 294 provides connectivity throughout Oak Lawn and the broader Chicago metropolitan area. The combination of strong traffic exposure, proximity to major healthcare and employment centers, established residential density and excellent regional accessibility makes 4819 W 93rd Street a well-positioned commercial property within the Oak Lawn market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,841 SF
Building Class
B
Year Built/Renovated
1986/2023
Price
$846,550
Price Per SF
$459.83
Cap Rate
8%
NOI
$67,724
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.30 AC
Zoning
B1 - General Business District
Property Taxes
| Parcel Number | 24-04-427-021-0000 | Improvements Assessment | $75,599 |
| Land Assessment | $32,968 | Total Assessment | $108,567 |
Property Taxes
Parcel Number
24-04-427-021-0000
Land Assessment
$32,968
Improvements Assessment
$75,599
Total Assessment
$108,567
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