Investment Summary
Price | $6,750,000 |
Cap Rate | |
NOI | |
Lease Term | Various |
Lease Type | Various |
Rental Increases | Various |
Year Built | 2017 to 2018 |
Building Size | 14,400 SF |
Lot Size | 0.77 Acres (33,541 SF) |
Status | Sold |
Lead Brokers | Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Michael Marks Managing Director 312.470.2317 michael.marks@cushwake.com Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Evan Halkais Managing Director 312.470.2318 evan.halkias@cushwake.com |
Investment Highlights
100% LEASED MULTI-TENANT RETAIL CENTER
» Leased on net basis to ideal mix of medical, fact-casual dining and service-oriented tenants
» Newly constructed Panda Express buildling completed in Fall 2016, with no deferred maintenance
» 12+ years of weighted average remaining lease term (WALT); no near-term lease rollover exposure
HIGH-TRAFFIC LOCATION AT ENTRANCE TO CHESTERFIELD TOWNE CENTER
» High daytime population and vehicle traffic due to strong demand generators in surrounding area
» 26th Street boasts the second highest grossing shopping district in Chicago, only behind the famous Mag Mile
CENTRALLY LOCATED IN CHICAGO MSA
» Over 1 million people within a five-mile-radius of the site
» Chicago MSA Houses numerous Fortune 500 corporate headquarters, including Boeing and McDonald’s
Click Here to Download Offering Memorandum
Property Description
SOLD
Little Village Retail is well positioned along a prominent stretch of the bustling 26th Street Retail Corridor on the Southwest side of Chicago. The Property controls over 210 feet of frontage along 26th Street at the corner of Sacramento Avenue and enjoys unmatched visibility and convenient access.
The Property presents investors with the opportunity to acquire a newly constructed urban retail strip center with new leases, strong credit, exceptional term, and 48 dedicated parking spaces in an area where surface parking is sparse. The location, along with a diverse mix of medical, fast-casual dining and service oriented tenants, will generate demand for the asset long into the foreseeable future.