Listed by Avison Young - Chicago Downtown
$2,650,000
Outlot
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,887
Units 2
Cap Rate 6.50%
NOI $165,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $450
Broker Co-Op Yes
Class A
Investment Type Net Lease
Tenant Credit Corporate Guarantee
100% occupied with an average remaining term of 5+ years. Corporate guarantees
Marketing description
5,887-Sf Out lot Building with 2 tenants on an approximate 1.25 acre lot
Investment highlights
NNN Leases with renewal options
Lease Expirations of 2/28/2030 and 10/31/2033
Tenants are Xfinity and Mission Dispensary
Tenants are corporate owned/guaranteed entities
Landlord secured a 12 year Real Estate Tax incentive reduction resulting in a decrease from an approximate $75,000 to $25,000
Annualized NOI approximately $165,000
Tenants have paid its rent on time throughout its lease terms
New LED lighting outside, new landscaping
Listing Contacts
Listed by Avison Young - Chicago Downtown
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
6.23%
Cap Rate
6.23%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
