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30877199
30877200

9255 S Western Ave, Chicago, IL 60643

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
Listed by Bang Realty, Elevate Net Lease
$4,810,000
86 days on market
Updated 84 days ago

Dollar Tree & Aaron's

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 24,800
Net Rentable (SqFt) 24,800
Units 2
Cap Rate 7%
NOI $336,700
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type NNN
Rent Bumps Yes
Price per SqFt $194
Broker Co-Op Yes
Year Built 1969
Year Renovated 2021
Acreage 1.090
Investment Type Stabilized
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 7.00% CAP | 24,800 SqFt

Investment highlights

Prime Location: Positioned On One Of Chicago’s Heaviest Trafficked North-South Arterials, The Site Benefits From Continuous Exposure To Local And Regional Commuter Traffic and is Exposed to 29,000+ VPD.

Dense & Affluent Demographics: More Than 224,000 Residents Within a 3-Mile Radius with an Average HH Income Exceeding $130,000 Within a 1-Mile Radius.

Strong Foot-Traffic: Dollar Tree Ranks in the 89th Percentile for Foot-Traffic Nationally, and in the 92nd Percentile Within the State of Illinois (AlphaMaps).

Recent Lease Extension: Dollar Tree Recently Extended their Lease for an Additional 5 Years, Showing Strong Commitment to this Location.

Robust Retail Corridor: Surrounded by National Retails such as Walmart, Meijer, Sam's Club, Menards, Whole Foods, & Many More.

Listing Contacts

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
Listed by Bang Realty, Elevate Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$336,700.00
$28,058.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
471020548
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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