SK Tasty Tales Leases 1,762 Square Feet Retail Space At Evergreen Drive Plaza In Vernon Hills
279 Evergreen Drive
Building Size
1,762 SF
Asset Type
Retail
Closing
Dec 5, 2025
AI
A retail lease has been secured at 279 Evergreen Drive in Vernon Hills, Illinois, encompassing a total area of 1,762 square feet. This property is situated in a desirable location, benefiting from favorable demographics and its proximity to an Indian grocery store.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 279 Evergreen Drive
- Market: Vernon Hills
- Asset Size: 1,762 SF
- Tenant: SK Tasty Tales
- Brokers: Carole Caveney & Michael Petrik - Lee & Associates
Lee & Associates played a pivotal role in this transaction, facilitating the leasing process and ensuring the property reached full occupancy after a brief vacancy period. The local Indian restaurant, SK Tasty Tales, was particularly drawn to the property due to its strategic location near an Indian grocery store.
Players
Vernon Hills 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