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Little Village Retail, Chicago, IL

Little Village Retail

Chicago, IL

Price $6,750,000
Cap Rate 6.75%
NOI $456,200
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2017 to 2018
Building Size 14,400 SF
Lot Size 0.77 Acres (33,541 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael Marks
Managing Director
312.470.2317
michael.marks@cushwake.com

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Evan Halkais
Managing Director
312.470.2318
evan.halkias@cushwake.com

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» Leased on net basis to ideal mix of medical, fact-casual dining and service-oriented tenants
» Newly constructed Panda Express buildling completed in Fall 2016, with no deferred maintenance
» 12+ years of weighted average remaining lease term (WALT); no near-term lease rollover exposure

HIGH-TRAFFIC LOCATION AT ENTRANCE TO CHESTERFIELD TOWNE CENTER
» High daytime population and vehicle traffic due to strong demand generators in surrounding area
» 26th Street boasts the second highest grossing shopping district in Chicago, only behind the famous Mag Mile

CENTRALLY LOCATED IN CHICAGO MSA
» Over 1 million people within a five-mile-radius of the site
» Chicago MSA Houses numerous Fortune 500 corporate headquarters, including Boeing and McDonald’s

Click Here to Download Offering Memorandum


Property Description

Little Village Retail is well positioned along a prominent stretch of the bustling 26th Street Retail Corridor on the Southwest side of Chicago. The Property controls over 210 feet of frontage along 26th Street at the corner of Sacramento Avenue and enjoys unmatched visibility and convenient access.

The Property presents investors with the opportunity to acquire a newly constructed urban retail strip center with new leases, strong credit, exceptional term, and 48 dedicated parking spaces in an area where surface parking is sparse. The location, along with a diverse mix of medical, fast-casual dining and service oriented tenants, will generate demand for the asset long into the foreseeable future.

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