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Shopping Strip

DaVita | Dollar Tree | Dunkin' Center

8721 S Stony Is Ave, Chicago, IL 60617

Listing Price: $8,663,501

Cap Rate
8.00%
Gross SF
29,332
Rentable SF
29,332
Price/Gross SF
$295.36
Lot Size
1.72 acres
Year Built
1971

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied center with all national tenants: DaVita Dialysis, Dollar Tree, and Dunkin'. Dunkin' is on a corporate ground lease with 15 years remaining and scheduled 12.5% rental increases every five years, including option periods. Dunkin' executed three of their five-year options in 2023, and recently underwent interior renovations, displaying strong commitment to the site. Dollar Tree and DaVita are both operating on double net leases, DaVita has five years remaining with 2.75% annual rental increases. This DaVita is a high-volume in-clinic hemodialysis clinic, open six days a week, and conveniently located in a certificate-of-need state for kidney dialysis treatment centers.
Subject property is highly visible with over 480 feet of frontage along South Stony Island, with 33,700 vehicles per day. Conveniently, there are two major hospitals within two miles. Over 25,000 people live within one mile, and 217,747 people live within three miles.

Investment Highlights

  • 100% Occupied Center with All National Tenants | DaVita Dialysis, Dollar Tree, and Dunkin'
  • Dunkin' is on a Corporate Ground Lease with 15 Years Remaining | Scheduled 12.5% Rental Increases Every Five Years Including the Option Periods
  • Long Operating Tenants | Dunkin' has been at the Center Since 2004, Dollar Tree Since 2005, and DaVita Since 2014
  • Dunkin' Executed Three of Their Five-Year Options in 2023 Displaying a Strong Commitment to the Site
  • High Volume In-Center Hemodialysis Clinic | Open Six Days a Week | Monday Through Saturday - Located Within a Certificate of Need State For Kidney Dialysis Treatment Centers
  • Over 480 Feet of Frontage Along South Stony Island Avenue | 33,700 Vehicles per Day
  • Over 25,000 People Live Within One Mile and 217,747 People Live Within Three Miles

Exclusively Listed By

Financing By

Shopping Strip

DaVita | Dollar Tree | Dunkin' Center

Listing Price: $8,663,501

Cap Rate
8.00%
Gross SF
29,332
Rentable SF
29,332
Price/Gross SF
$295.36
Lot Size
1.72 acres
Year Built
1971

Investment Highlights

  • 100% Occupied Center with All National Tenants | DaVita Dialysis, Dollar Tree, and Dunkin'
  • Dunkin' is on a Corporate Ground Lease with 15 Years Remaining | Scheduled 12.5% Rental Increases Every Five Years Including the Option Periods
  • Long Operating Tenants | Dunkin' has been at the Center Since 2004, Dollar Tree Since 2005, and DaVita Since 2014
  • Dunkin' Executed Three of Their Five-Year Options in 2023 Displaying a Strong Commitment to the Site
  • High Volume In-Center Hemodialysis Clinic | Open Six Days a Week | Monday Through Saturday - Located Within a Certificate of Need State For Kidney Dialysis Treatment Centers
  • Over 480 Feet of Frontage Along South Stony Island Avenue | 33,700 Vehicles per Day
  • Over 25,000 People Live Within One Mile and 217,747 People Live Within Three Miles

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied center with all national tenants: DaVita Dialysis, Dollar Tree, and Dunkin'. Dunkin' is on a corporate ground lease with 15 years remaining and scheduled 12.5% rental increases every five years, including option periods. Dunkin' executed three of their five-year options in 2023, and recently underwent interior renovations, displaying strong commitment to the site. Dollar Tree and DaVita are both operating on double net leases, DaVita has five years remaining with 2.75% annual rental increases. This DaVita is a high-volume in-clinic hemodialysis clinic, open six days a week, and conveniently located in a certificate-of-need state for kidney dialysis treatment centers. Subject property is highly visible with over 480 feet of frontage along South Stony Island, with 33,700 vehicles per day. Conveniently, there are two major hospitals within two miles. Over 25,000 people live within one mile, and 217,747 people live within three miles.

Exclusively Listed By

Financing By

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