Please enter your details to download the marketing package from "Documents" tab

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

Agreement

Share this property with your friends

Please type comma separated emails if you want to share these properties with multiple people.

Submit Offer

Mariano’s Fresh Market

1720 North Milwaukee Avenue, Vernon Hills, IL, 60061
For Sale

Property Highlights

  • • Flagship Prototype Store Build-to-suit location with high-volume performance and expanded parking demand
    • Long-Term NNN Lease 11 years of base term remaining with four 5-year renewal options
    • Rental Growth Every 5 Years 10% base term increases
    • Investment-Grade Guaranty Backed by The Kroger Company (NYSE: KR), S&P Rated BBB/Stable
    • $144,000 AAHI Within Five Miles of the Location

Property Details

  • Property Type: Retail
  • Transaction Type: For Sale
  • Lease Term: 11 years
  • Year Built: 2011
  • Year Built: 2011
  • Space Use: Retail

Property Description

Mariano’s Fresh Market is a 71,248 square foot grocery store located on a 9.75 acre site at 1720 North Milwaukee Avenue in Vernon Hills, Illinois. The property was built in 2011 as a build-to-suit flagship prototype and includes a separately leased 1.89-acre overflow parking lot. Positioned along the Milwaukee Avenue retail corridor—just north of Westfield Hawthorn Mall—the store anchors a high-traffic community center with co-tenants such as Lowe’s, Starbucks, and Staples. The site benefits from strong area demographics, high visibility, and signalized access points from both Milwaukee Avenue and Gregg’s Parkway. The lease structure is NN with landlord responsibilities limited to the roof and structural components. The tenant, Mariano’s, is wholly owned by The Kroger Company (NYSE: KR), one of the largest retailers in the United States.

Download Offering Memorandum

Download Offering Memorandum

Download Offering Memorandum

3D Tour

Offering Memorandum

Request Information


Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

>

Have A Question?

Please feel free to contact us with any questions you have about our services