Shopping Neighborhood
Infill Chicago Retail Center
3657 N Central Ave, Chicago, IL 60634
Listing Price: $3,598,000
Investment Overview
Ground level infill Chicago retail center offering three total spaces (12,000 SF). The retail center is leased to national and local tenants, all of which have responsibilities for their pro-rata share of CAM, real estate taxes and insurance making this is very passive investment for a future landlord. Two out of the three pending retail tenants have 3.00 percent annual increases in rent, providing for a strong hedge against inflation. The third tenant has routine increases in the base term of their lease and in the option periods.
The subject property shadows (just north) the CVS at the intersection of Addison St. and Central
Avenue, with a combined traffic count of over 33,700 per day. Private 18 car Parking lot with additional shared ingress/ egress from Central Avenue at “T” intersection with Patterson Avenue.
Infill Chicago Retail Center
Investment Highlights
- New Construction 2022 | Combined Traffic Counts of 33,700+ VPD | 983,000 in Five-Miles
- Extremely Valuable Zoning with Over 25 uses Granted per City of Chicago Approved PD 1450
- Significant Rental Upside with North Side Jiu Jitsu (Current Rate - $14.19/SF)
- Significant Rental Upside with North Side Jiu Jitsu (Current Rate - $14.19/SF)
- Highly Trafficked and Extremely Dense Location (Over 983,000 People in Five-Miles)
- Located in Chicago – 3rd Largest City in the U.S.
Exclusively Listed By
Listing Price: $3,598,000
Investment Highlights
- New Construction 2022 | Combined Traffic Counts of 33,700+ VPD | 983,000 in Five-Miles
- Extremely Valuable Zoning with Over 25 uses Granted per City of Chicago Approved PD 1450
- Significant Rental Upside with North Side Jiu Jitsu (Current Rate - $14.19/SF)
- Significant Rental Upside with North Side Jiu Jitsu (Current Rate - $14.19/SF)
- Highly Trafficked and Extremely Dense Location (Over 983,000 People in Five-Miles)
- Located in Chicago – 3rd Largest City in the U.S.
Investment Overview
Ground level infill Chicago retail center offering three total spaces (12,000 SF). The retail center is leased to national and local tenants, all of which have responsibilities for their pro-rata share of CAM, real estate taxes and insurance making this is very passive investment for a future landlord. Two out of the three pending retail tenants have 3.00 percent annual increases in rent, providing for a strong hedge against inflation. The third tenant has routine increases in the base term of their lease and in the option periods. The subject property shadows (just north) the CVS at the intersection of Addison St. and Central Avenue, with a combined traffic count of over 33,700 per day. Private 18 car Parking lot with additional shared ingress/ egress from Central Avenue at “T” intersection with Patterson Avenue.
Exclusively Listed By
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