Listed by Dash Commercial Real Estate Advisors
$31,750,000
WRIGLEYVILLE TROPHY CENTER
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 58,819
Net Rentable (SqFt) 57,719
Cap Rate 6.25%
NOI $1,983,635
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Remaining Term 10
Price per SqFt $540
Year Built 2021
Stories 4
Acreage 0.470
Investment Type Net Lease
Ground Lease No
Wrigleyville Center - Absolute NNN Multi-Tenant - 10.74 WALT
Marketing description
The Wrigleyville Trophy Center located at 1115 W Addison Street is an irreplaceable retail asset located directly outside Wrigley Field - one of the highest foot-traffic intersections in Chicago. The property is leased to a diversified mix of national credit tenants on long-term NNN leases, producing highly stable income with a WALT of 10.74 years. Its visibility, tenant quality, and supply-constrained location make it a flagship, long-term hold for both private and institutional investors.
Investment highlights
- Unmatched Wrigleyville Location: Directly across from Wrigley Field with year-round tourism and event-driven traffic.
- Trophy Retail Asset: Truly irreplaceable real estate in one of Chicago’s most iconic districts.
- Premier National Tenants: Chase Bank, Taco Bell, Crumbl Cookies, Culver’s, and Movement Fitness.
- Long-Term NNN Leases: Minimal landlord responsibilities across the rent roll.
- Strong Cash Flow Durability: Weighted Average Lease Term of 10.74 years.
- Demographic Strength: Lakeview’s dense, affluent population and constant visitor inflow.
Listing Contacts
Listed by Dash Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,983,635.00
$165,302.92/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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Tax History
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