Listed by Avison Young - Chicago Downtown
$999,999
3530 N SOUTHPORT AVE # P-1 CHICAGO IL 60657-1672
Details
APN 14203030321009
Property Type Retail
Sub Type Storefront
Square Footage 825
Net Rentable (SqFt) 825
Cap Rate 7.00%
NOI $70,000
Occupancy 100%
Tenancy Single
Lease Expiration 08/01/2032
Rent Bumps Yes
Lease Options five year renewal option
Class A
Year Built 2002
Lot Size (SqFt) 6,000
Tenant Credit Corporate Guarantee
Ground Lease No
100% leased with great corporate credit tenant
Marketing description
Located in the vibrant Southport retail corridor. Great NNN property generating approximately $70,000 NOI with 3% annual increases. Corporate guarantee.
Investment highlights
3% annual increases
NNN Lease with Tenant paying all expenses and Real Estate Taxes
Significant reduction in Real Estate Taxes
Located in the heart of the vibrant Southport retail corridor
Lease Expiration August 1, 2032
Listing Contacts
Listed by Avison Young - Chicago Downtown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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