2830 Mannheim Rd - Storefront FOR SALE
Franklin Park, IL 60131 |
$1,895,000 USD
312-316-2300
2830 Mannheim Rd
Franklin Park, IL 60131
HIGHLIGHTS
- 2830 Mannheim Road presents an opportunity to acquire a retail center featuring Jersey Mikes, AT&T, and Taco Pros just outside Chicago.
- Prime location at the corner of Mannheim Road and Grand Avenue, two crucial commercial hubs that see a combined 65,000 vehicles per day.
- Incredible opportunity to acquire a 100% net leased retail asset that is fully stabilized with a diverse roster of three service-based tenants.
- Strong surrounding retail synergies that feature national chains like Chipotle, Starbucks, McDonalds, Subway, Dunkin', and more.
- Positioned just 3 miles south of one of the worlds busiest airports, Chicago's O'Hare, which is reachable directly from Mannheim Road.
OVERVIEW
Fully leased to strong tenant with long term leases. Jersey Mike's lease through 2032, Taco Pros lease through 2033 and AT&T lease through 2029. Property generates $142,310 in true NOI. THIS IS NOT A DISTRESSED PROPERTY. All financial, environmental and property condition documents are available for review. Property is in excellent condition and is a perfect investment whether it be via a 1031 exchange or not.
FOR SALE DETAILS
PRICE
$1,895,000 USD
PRICE/SF
$443 USD /SF
CAP RATE
7.51%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fully Occupied Chicago Net Retail Asset
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.43 AC
LAND SF
18,779 SF
ZONING
C-3
APN/PARCEL ID
12-29-203-060-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
312-316-2300
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
312-316-2300
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
