1720 N Milwaukee Ave, Vernon Hills, IL 60061 For Sale

HMX Realty Advisors is pleased to present Mariano’s Fresh Market, a 71,248 square foot single-tenant net leased grocery asset located at 1720 North Milwaukee Avenue in Vernon Hills, Illinois. The property is 100% leased to Mariano’s under a long-term NNN lease with 11 years of remaining term. Also included is a 1.89-acre ground lease for an adjacent overflow parking lot, delivering total net operating income of $2,439,338.

The store was built in 2011 as a build-to-suit prototype for Mariano’s, which has since become one of Chicago’s dominant upscale grocers. The site benefits from exceptional demographics and anchors a premier retail center along the Milwaukee Avenue corridor in Chicago’s northern suburbs. Owned by The Kroger Company (NYSE: KR), Mariano’s is backed by an investment-grade guarantor with national scale. The lease features rare 10% rental increases every 5 years during the base term and 12.5% increases during options, offering built-in rent growth for investors. This offering provides a unique opportunity to acquire a flagship grocery location in a top-tier market with stable cash flow and minimal landlord obligations.