Property History
Property Type
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Asking Details
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Marketing Description
Just off of the corner of Harlem and 79th, this 1,950 square foot free-standing retail building is net leased to Title Max. The current lease term expires in August 2017; two five-year renewal options with 10% rent increases remain. The property is located in a strong retail discount area, with Kmart, Walgreens, Dollar General, Panera, Aldi and Starbucks nearby. The property is highly visible, with 209' of frontage on 79th as well as an LED pedestal sign.
Bridgeview has a strong mix of residential, commercial and industrial areas. Residents and businesses alike appreciate the proximity to Midway Airport and the Loop as well as the ready access to several major highways.
Investment Highlights
- 1,950 SF free-standing retail
- Net leased to Title Max
- Current term ends Aug. 2017
- Two 5-year renewal options with 10% rent increases
- Nearby retailers include Kmart, Walgreens, Aldi, Starbucks
- Highly visible pedestal LED sign
- Est. NOI (2015): $30,000
- Initial Cap Rate: 6.3%
- Land Area: 17,550 SF
- Traffic Count: 23,800 cars daily
- Zoning: C, commercial
- Taxes (2016): $26,176
Property Type
Property Type
Property Subtype
Marketing Description
This 1,950 square foot, free standing retail building is net leased to Title Max. The current lease term expires in August 2017; two five-year renewal options with 10% rent increases remain. The property is near the corner of Harlem and 79th, a strong retail area that is home to Kmart, Aldi, Walgreens, Dollar General, Panera and Starbucks. With 209' of frontage on 79th and an LED pedestal sign, this property is highly visible on a major street.
Public Record 1
Public Record 2
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Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
C CommercialGeneral CommercialCommercial District
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Property Details
Contacts
Listing removed on
BY:
Susan Silver PRO
LIC: IL 475136992
•••.•••.3001
•••lver@•••••••••••••.com
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