5518 W Chicago Ave - Freestanding FOR SALE


Chicago, IL 60651- Austin
$990,000 USD
312-269-0220
5518 W Chicago Ave, Chicago, IL for Sale
$990,000 USD
Freestanding - FOR SALE
1/1
null | 10.9% Cap Rate

5518 W Chicago Ave
Chicago, IL 60651
Austin


HIGHLIGHTS

  • Leased to Dollar General on a net-lease; minimal landlord responsibilities
  • Strong hedge against inflation; 10% rental increases every 5 years
  • Corporate guarantee from Investment grade tenant (S&P: BBB)
  • Placed in high traffic corridor of Chicago Ave. which sees approximately 8,836 VPD
  • Surrounded by national tenants including: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more

OVERVIEW

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale an 11,650 square-foot single-tenant retail building located at 5518 W Chicago Ave., Chicago, IL. The free-standing building is leased to Dollar General (S&P: BBB) and is on a 10-year net lease, which commenced in August of 2015 and features (4) 5-year options with 10% rental increases every 5 years. The building was originally constructed in 1975 and sits on approximately 0.58 acres of land. The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of Chicago Ave., which sees over 8,836 VPD. Additionally, the site is located just east of the Chicago Ave. and Central Ave. lighted intersection which sees an additional 16,373 VPD. The asset is located in a middle-class area, with over 162,486 residents and an average household income of $87,200 within 2 miles of the site. Notable surrounding national tenants include: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

10.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B3-1

APN/PARCEL ID

16-04-326-019-0000,16-04-326-020-0000

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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