Description
***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent instead". Fully leased, NNN, 3,160 square foot retail property built in 2006. The property comprises of two ground level units located on a highly trafficked Damen Ave (22,100 VPD) just South of Armitage Ave (21,000 VPD) in the heart of the Bucktown's popular destination shopping strip. The property is 100% leased to two local and very successful businesses that have multiple locations in the city. The property offers strong cash flow (Gross Income: $117,172, Net Income: $78,747) and a good rate of return (6.3%) with annual rent increases. The property has been recently renovated with high-end finishes and has no deferred maintenance. Each unit is separately metered for gas, electric, and water and has its own HVAC system. The corner location offers excellent exposure, high visibility, vehicle, and foot traffic. The property is located on the trendy section of Damen surrounded by boutiques, retail shops, restaurants, shopping, major retailers, and public transportation. This offering represents a unique opportunity for an investor to acquire a stabilized newer construction retail property with strong cash flow, a high-quality tenant mix, and a good rate of return. A new owner can also take advantage of the current low-interest rates, excellent location for future appreciation, annual rent increases, and low vacancy rates in the area.
Map
Similar Listings
$45,000,000
6
11
25,000 Sq ft
MLS# MRD09401800
Courtesy of: Jameson Sotheby's Intl Realty
$24,795,000
6
13
15,000 Sq ft
MLS# MRD10973652
Courtesy of: @properties
$22,500,000
MLS# MRD10821086
Courtesy of: Callahan Blandings & Schaper
$18,750,000
6
13
20,002 Sq ft
MLS# MRD10921475
Courtesy of: Compass
$18,500,000
4
5
10,000 Sq ft
MLS# MRD09988068
Courtesy of: Magellan Realty LLC
$18,000,000
6
10
20,000 Sq ft
MLS# MRD10852449
Courtesy of: The Bowen Group, Inc.
$17,800,000
8
14
30,000 Sq ft
MLS# MRD10858182
Courtesy of: Jameson Sotheby's International Realty
$17,000,000
6
7
8,000 Sq ft
MLS# MRD10934934
Courtesy of: Compass
$15,900,000
MLS# MRD10744787
Courtesy of: Ramshaw Real Estate
$14,855,000
9
19
32,683 Sq ft
MLS# MRD09814087
Courtesy of: Compass
$13,500,000
6
8
10,000 Sq ft
MLS# MRD10892858
Courtesy of: Jameson Sotheby's Intl Realty
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2020. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf
