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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30903883
30903884

4 Locations For Sale

DC
CA 01513027
Pegasus Investments
DA
CA CA 02011508
Pegasus Investments
CA
CA 02181089
Pegasus Investments
ER
CA CA 02252042
Pegasus Investments
JS
CA CA 02388092
Pegasus Investments
Listed by Pegasus Investments
$67,850,000
130 days on market
Updated 34 days ago

High-Profile Retail Center in Chicago, 20+ Year Occupancy

Details
APN Various
Property Type Retail
Sub Type Bank, Shopping Center (+1)
Square Footage 187,204
Units 3
Cap Rate 6.72%
NOI $4,562,792
Occupancy 100%
Tenancy Multi
Brand/Tenant Best Buy, Kohl's (+2)
Lease Type NNN
Rent Bumps Yes
Lease Options Various
Price per SqFt $362
Broker Co-Op Yes
Year Built 2005
Buildings 3
Stories 2
Acreage 11.000
Zoning PD-907
Parking Spaces 900 spaces
Parking per 1,000 SqFt 4.81
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Kohl’s, Best Buy, BMO, Adjacent to $3B Mixed-Use Development

Investment highlights

  • Institutional Big-Box Retail - Anchored by Best Buy, Kohl’s and BMO with over 20-year occupancy.

  • Top-Performing Kohl’s & Best Buy - Kohl’s ranks in the top 3% nationally on Placer.ai. Best Buy is one of two stores in Chicago and ranks in the top 10%.

  • Durable Tenant Commitment - The anchor tenants view the location and brand exposure as strategic and mission critical.

  • Embedded Re-Tenanting Upside - Market rents exceed in-place big-box rents, supporting future upside.

  • Parcel-Level Monetization Optionality - Separately platted pads allow selective dispositions at lower cap rates.

  • Major Mixed-Use Growth Corridor - Located within a multi-billion-dollar residential and retail development pipeline.

  • Lincoln Park Redevelopment Catalyst - Positioned adjacent to a Foundry Park – 4,000 new residential units. foundryparkchicago.com

  • Core Chicago Infill Market - Dense, affluent North Side submarket with high barriers to entry.

Listing Contacts

DC
CA 01513027
Pegasus Investments
DA
CA CA 02011508
Pegasus Investments
CA
CA 02181089
Pegasus Investments
ER
CA CA 02252042
Pegasus Investments
JS
CA CA 02388092
Pegasus Investments
Listed by Pegasus Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,562,792.00
$380,232.67/mo

Valuation Metrics

0
DSCR
6.72%
Cap Rate
6.72%
ROI

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Additional Information

Name
Brian Brockman
License
471020548 (IL)
Brokerage
Bang Realty
Brokerage Phone
(513) 898-1551
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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