Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • ?RECENT LEASING MOMENTUM HIGHLIGHTING STRONG RETAIL FUNDAMENTALS | 100% OCCUPIED
  • ?SHADOW-ANCHORED BY A HIGH-PERFORMING SUPER REGIONAL MALL
  • ?EXCEPTIONAL DEMOGRAPHICS SUPPORTING LONG-TERM TENANT PERFORMANCE
  • ?10-YEAR WALT UNDERSCORING DURABILITY AND INCOME STABILITY
  • ?SUPER-REGIONAL 3M+ SF RETAIL CORRIDOR
  • ?HOME TO FIRST-TO-MARKET CONCEPTS

Executive Summary

CBRE is pleased to present, as exclusive advisor, 66 Orland Square, a fully leased shopping center located in the affluent and highly trafficked retail hub of Orland Park, Illinois. The Property benefits from exceptional regional draw, positioned directly adjacent to Orland Square Mall, a super regional shopping destination generating over 6 million annual visits. Its strategic location within a dense retail corridor comprising more than 2 million square feet further enhances long-term relevance and foot traffic stability. Ownership has recently executed significant leasing momentum, bringing more than 50,000 SF to stabilization and achieving 100% occupancy across 83,827 SF of rentable area over the past 2 years.
With a durable rent roll anchored by experiential and entertainment-focused tenants—including Sky Zone, Slick City Action Park, and Time Mission—the asset features an impressive WALT of 9.45 years and offers investors secure in-place income with potential to achieve attractive cash-on-cash returns. The Property is further supported by strong area demographics, including average household incomes exceeding $131,000 within a 3-mile radius. This combination of tenant quality, market strength, and irreplaceable positioning creates a compelling opportunity for investors seeking a stable center in a supply-constrained, high-performing retail environment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
83,827 SF
Building Class
B
Year Built/Renovated
1979/2016
Price
$12,200,000
Price Per SF
$145.54
Cap Rate
7.83%
NOI
$955,260
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.38
Lot Size
5.05 AC
Zoning
COR, Orland Park
Parking
437 Spaces (5.21 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Wheelchair Accessible

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 28,646 SF
  • -
  • Single Net
  • Aug 2036

Sky Zone began in 2004 as an indoor trampoline park concept and grew into a brand focused on active entertainment and family recreation. Sky Zone now develops, operates, and franchises trampoline and active entertainment parks, offering attractions built around jumping, movement, and play. The company serves guests through park admissions, memberships, group events, and franchise expansion across a broad network of locations. Sky Zone is a large indoor active entertainment brand with a substantial presence in the category and a long-running franchise model.

  • Arts, Entertainment, and Recreation
  • 44,573 SF
  • -
  • -
  • Nov 2035

Slick City began in 2022 and opened its first location in Denver, introducing a dry-slide entertainment concept built around indoor slides. The company combines giant slides with air courts, children's play areas, birthday parties, team outings, group events, and franchising. Slick City Action Park has since grown into a widening park network across the United States, and the company continues to expand through signed and operating locations, as well as new investment to support franchise growth.

  • Arts, Entertainment, and Recreation
  • 10,608 SF
  • -
  • -
  • Feb 2036

Time Mission is a privately held entertainment company specializing in immersive, team-based gaming experiences that combine physical and mental challenges. Founded in 2019, the company introduced its first location in Rhode Island and has since expanded into multiple U.S. markets. Each venue features themed “portals” offering interactive missions designed to test intelligence, strength, coordination, and speed. Time Mission operates within the location-based entertainment sector and has partnered with LOL Entertainment to accelerate its expansion across the Northeast and Texas. The company is headquartered in Cranston, Rhode Island, and continues to develop new sites to meet growing demand for competitive social gaming.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation 28,646 SF - Single Net Aug 2036
Arts, Entertainment, and Recreation 44,573 SF - - Nov 2035
Arts, Entertainment, and Recreation 10,608 SF - - Feb 2036
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100

Nearby Major Retailers

CircusTrix
Texas de Brazil
The Cheesecake Factory
Great Steak
The Perfect Workout
Stretchlab
IHOP
Portillo's
Red Lobster
Fifth Third Bank

Property Taxes

Property Taxes

Parcel Number
27-10-400-044-0000
Land Assessment
$660,881
Improvements Assessment
$609,156
Total Assessment
$1,270,037
  • Listing ID: 41837789

  • Date on Market: 8/21/2026

  • Last Updated:

  • Address: 66 Orland Square Dr, Orland Park, IL 60462

Contact the Sale Advisor

66 Orland Square | 66 Orland Square Dr

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}