El Fuego Mexican Grill Secures Long-Term Sublease At 17120 Harlem Avenue In Tinley Park
17120 Harlem Avenue
Building Size
2,278 SF
Asset Type
Retail
Closing
Mar 7, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 17120 Harlem Avenue in Tinley Park, Illinois. It encompasses a total area of 2,278 square feet and previously served as the location for Epic Wings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Tenant: El Fuego Mexican Grill
- Broker: Myles Rapchak - Latitude Commercial
- Lease Type: Sublease
- Market: Tinley Park
El Fuego Mexican Grill has secured a long-term sublease to operate within this space, with plans to commence operations in Spring 2025. Myles Rapchak from Latitude Commercial represented the landlord in this transaction.
Players
Tinley Park Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93