7200 S Cicero Ave - Freestanding FOR SALE


Chicago, IL 60629
$5,750,000 USD
630-954-7398
7200 S Cicero Ave, Chicago, IL for Sale
$5,750,000 USD
Freestanding - FOR SALE
1/10
null | 8.35% Cap Rate

7200 S Cicero Ave
Chicago, IL 60629


HIGHLIGHTS

  • NEW LONG-TERM LEASE SamsBeauty Warehouse recently executed a brand-new 15-year lease with three 5-year options to extend, demonstrating a strong commi
  • BEST IN CLASS NATIONAL & CREDIT SHADOW ANCHORS SamsBeauty Warehouse benefits from major retail traffic-driving shadow anchors Target (TGT \ NYSE) and
  • BELOW MARKET RENTAL RATE An investor has the opportunity to acquire an asset featuring a below market rental rate in an extremely dense infill area w
  • HIGH VISIBILITY AND TRAFFIC COUNTS Bedford City Square features over 1,200 linear feet of frontage along the heavily trafficked Cicero Avenue, which a
  • STABLE DEMOGRAPHICS Bedford Park and the surrounding communities boast favorable demographics, with over 229,400 residents within a three-mile radius
  • MAJOR INDUSTRIAL HUB Located immediately south of Midway International Airport (22 million passengers annually), Bedford Park is known as one of Chica

OVERVIEW

Mid-America Real Estate Corporation has been retained on behalf of the ownership to sell the 100% fee simple interest in a newly redeveloped SamsBeauty Warehouse. The offering represents a rare opportunity to acquire an asset benefiting from excellent co-tenancy with The Home Depot, Target, and Cermark Fresh Market Grocery along Cicero Avenue within the dense, infill submarket of Bedford Park.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SamsBeauty Warehouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

1580

LAND DETAILS

CROSS STREETS

W 73rd St.

LAND ACRES

30 AC

LAND SF

1,306,800 SF

ZONING

-

APN/PARCEL ID

19-28-201-034-0000,19-28-201-035-0000

ASK ABOUT THIS PROPERTY

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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