4777 N Milwaukee Ave - Drug Store FOR SALE


Chicago, IL 60630
$4,000,000 USD
847-780-8063
4777 N Milwaukee Ave, Chicago, IL for Sale
$4,000,000 USD
Drug Store - FOR SALE
1/7
null | 8.1% Cap Rate

4777 N Milwaukee Ave
Chicago, IL 60630


HIGHLIGHTS

  • Opportunity to purchase a we located north side asset with a CVS Pharmacy Ground Lease in place through January, 2026
  • In-place NOI of approximately $324,760
  • Located at the SEC of the signalized intersection at Lawrence Avenue and Milwaukee Avenue, featuring visibility and exposure to approximately 23,000 V

OVERVIEW

10,880 SF freestanding building on a ground lease to CVS Pharmacy (dark) in Chicago's Portage Park neighborhood. Located on Chicago's northwest side, the property finds itself at the southeast corner of the signalized intersection of Milwaukee Avenue and Lawrence Avenue, two (2) blocks west of the Kennedy Expressway (I-90/I-94). The property is located 10-miles north of Chicago's Central Business District and six (6) miles southeast of O'Hare International Airport. The investment grade Tenant, CVS Pharmacy, has leased the property since December 2003 and has term through January 2026. The property produces a NOI of approximately $324,760 and features a freestanding building with drive-thru access, 38-surface level parking spaces, and pylon signage at the signalized intersection with visibility and exposure to ~23,000 VPD. The site is well located near the Jefferson Park Metra Station (.25 miles north) and the Kennedy Expressway, and is part of Portage Park's primary commercial corridor surrounded by retailers, service oriented businesses, and the Copernicus Center, which hosts local events throughout the year. Neighboring retailers include Jewel Osco, Target, Mariano's. Marshalls, Walgreen's, Ross Dress For Less, PetSmart, Starbucks, Dollar Tree, North Shore Immediate Care, Chipotle, McDonald's, Popeye's among several others.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

13-16-106-001-0000,13-16-106-002-0000,13-16-106-003-0000,13-16-106-004-0000,13-16-106-005-0000,13-16-106-006-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.