Portfolio sale of four (4) contiguous retail properties on Clark Street in the heart of Chicago’s Andersonville neighborhood.
Strong mix of well established national and local tenants.
Extremely tight retail submarket with minimal vacancy and high barriers to entry.
Opportunity to control a large contiguous portion of Clark Street with future development upside.
In place rents compare favorably to recent neighborhood lease deals, suggesting room to boost income over time.
Well maintained buildings with minimal deferred maintenance needed.
Significant recent tenant investment in interior improvements (Starbucks, Jeni’s, Lonesome Rose).
Affluent retail trade area with strong neighborhood demographics.