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Holiday Plaza Shopping Center 4747 N Harlem Ave

70,345 SF 90% Leased Retail Building Harwood Heights, IL 60706 For Sale

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Investment Highlights

At the 89% occupancy rate, the Property produces a NOI of approximately $1,222,733
All 11 Tenants are on NNN leases

Grocery anchored retail center featuring a strong mix of national and local retailers including Starbucks, Rich's Food & Liquor, & Oak Street Health
Neighboring retailers include Jewel-Osco, Mariano’s, ALDI, Angelo Caputo’s Fresh Market, Deli 4 You Market, Amazon Fresh, Kohl’s, and Nordstrom Rack

Executive Summary

Holiday Plaza is a grocery anchored multi-tenant retail center located at the corner of the heavily trafficked signalized intersection at Lawrence Avenue & Harlem Avenue (41,600 VPD) in Harwood Heights, Illinois (Chicago MSA). The center totals 70,345 square feet and is currently 89% leased featuring tenants Starbucks, Rich’s Food & Liquors, Orangetheory Fitness, BioLife Plasma Services, and Oak Street Health, among others. At the 89% occupancy rate, the Property produces a Net Operating Income (NOI) of approximately $1,222,733. All 11 tenants are on NNN leases and nine (9) of the tenants have lease term into 2026 or beyond. The center features pylon signage at the corner of Lawrence Avenue & Harlem Avenue and a large on-site parking lot totaling 200 surface level spaces (4.09/1,000 SF). Additionally, the center is well located within a dense commercial corridor, approx. one (1) mile south of Interstate-90.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Retail

Building Size

70,345 SF

Building Class

Year Built

1988

NOI

£956,727

Percent Leased

90%

Tenancy

Multiple

Number of Floors

Building FAR

0.32

Land Acres

5.00 AC

Zoning

B-2 - Central Shopping District

Parking

200 Spaces (2.84 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Bus Route

Dedicated Turn Lane
Signage

Tenant Controlled HVAC

Air Conditioning

Space Availability

F-2
5,445 SF
Retail
-
Now

Join BioLife, Orange Theory Fitness and Starbucks at Holiday Plaza Shopping Center. Anywhere from 1,600 - 14,790 SF for lease. The center maintains visibility to nearly 48,000 VPD. Monument signage at Harlem and Lawrence Avenues provide excellent signage potential for new tenants. The center was recently renovated and features a large parking lot and convenient in and out access along Harlem Avenue. The center is extremely well located with convenient access