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Electronics

Verizon

6340 N Northwest Hwy, Chicago, IL 60631

Listing Price: $2,518,000

Cap Rate
5.20%
Tenant Name
Verizon
Years Remaining On Lease
5.8
Guarantor
Franchisee Guarantee
Rentable SF
2,540
Lease Type
Double Net
Rent Per Square Feet
$51.57

Investment Overview

Located at the hard corner of N Northwest Highway and Harlem Avenue, this property features easy access and excellent visibility to daily traf?c counts of 41,273 vehicles. Excellent signage and a four- way signalized intersection enhances this exposure. The site is in close proximity with direct access to the Interstate 90 (201,500+ vehicles per day). The site is in an excellent centralized location twelve miles northwest from downtown Chicago and six miles east from Chicago O'Hare International Airport (fourth busiest airport in the world with 76.9+ million annual visitors). The site is in close proximity to numerous attractions including Edgebrook Golf Course, Party Ridge Country Club, numerous parks (including Norwood Park, Centennial Park, Forest Preserves of Cook County, and more), down the street from Pickwick Theatre, and many more. It is ?ve miles from Fashion Outlets of Chicago, a 529,000-square foot multi-level enclosed outlet mall anchored by Bloomingdale's and Forever 21. The mall features over 130+ designer outlets including Neiman Marcus, Nordstrom Rack, Sak's Fifth Avenue, and world class brands such as Gucci, Prada, Tory Burch, Michael Kors, Burberry, plus national brands including Nike, J.Crew, Calvin Klein, Banana Republic and more. The site is within a strong retail trade corridor with numerous national retailers including Target, Forever 21, Victoria's Secret, Bath and Body Works, Whole Foods, Trader Joe's, Chipotle, Panera Bread, Walgreens, and more. The immediate area retailers also includes Dunkin Donuts, 7-Eleven, Bank of America, and more. Numerous medical centers are also located within a three-mile radius such as Northwest Medical Center, Presence Resurrection Medical Center, Concentra Urgent Care, Advocate Occupational Health, and more

Investment Highlights

  • Dense Infill Location in Chicago with Population of 183,775 within 3 Miles Radius and 558,934 within 5 Miles Radius Combined with 202,839 Daytime Populations within 3 Miles Radius
  • Signalized Corner Location with Combined Traffic Count of 41,273 Cars Per Day (29,105 at Harlem Ave & 12,168 at Northwest Hwy)
  • Affluent Chicago Area with $108,608 Household Income within 3 Miles Radius
  • Strong Retail Corridor - Surrounded by Numerous National Major Retailers
  • Numerous Schools within a Mile Radius
  • Less than 5 Miles from Fashion Outlets of Chicago, a 529,000 SF Enclosed Multi-Level Outlet Mall
  • Excellent Centralized Location - 12 Miles Northwest from Downtown Chicago - 6 Miles from Chicago O'Hare International Airport

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $2,518,000

Cap Rate
5.20%
Tenant Name
Verizon
Years Remaining On Lease
5.8
Guarantor
Franchisee Guarantee
Rentable SF
2,540
Lease Type
Double Net
Rent Per Square Feet
$51.57

Investment Highlights

  • Dense Infill Location in Chicago with Population of 183,775 within 3 Miles Radius and 558,934 within 5 Miles Radius Combined with 202,839 Daytime Populations within 3 Miles Radius
  • Signalized Corner Location with Combined Traffic Count of 41,273 Cars Per Day (29,105 at Harlem Ave & 12,168 at Northwest Hwy)
  • Affluent Chicago Area with $108,608 Household Income within 3 Miles Radius
  • Strong Retail Corridor - Surrounded by Numerous National Major Retailers
  • Numerous Schools within a Mile Radius
  • Less than 5 Miles from Fashion Outlets of Chicago, a 529,000 SF Enclosed Multi-Level Outlet Mall
  • Excellent Centralized Location - 12 Miles Northwest from Downtown Chicago - 6 Miles from Chicago O'Hare International Airport

Investment Overview

Located at the hard corner of N Northwest Highway and Harlem Avenue, this property features easy access and excellent visibility to daily traf?c counts of 41,273 vehicles. Excellent signage and a four- way signalized intersection enhances this exposure. The site is in close proximity with direct access to the Interstate 90 (201,500+ vehicles per day). The site is in an excellent centralized location twelve miles northwest from downtown Chicago and six miles east from Chicago O'Hare International Airport (fourth busiest airport in the world with 76.9+ million annual visitors). The site is in close proximity to numerous attractions including Edgebrook Golf Course, Party Ridge Country Club, numerous parks (including Norwood Park, Centennial Park, Forest Preserves of Cook County, and more), down the street from Pickwick Theatre, and many more. It is ?ve miles from Fashion Outlets of Chicago, a 529,000-square foot multi-level enclosed outlet mall anchored by Bloomingdale's and Forever 21. The mall features over 130+ designer outlets including Neiman Marcus, Nordstrom Rack, Sak's Fifth Avenue, and world class brands such as Gucci, Prada, Tory Burch, Michael Kors, Burberry, plus national brands including Nike, J.Crew, Calvin Klein, Banana Republic and more. The site is within a strong retail trade corridor with numerous national retailers including Target, Forever 21, Victoria's Secret, Bath and Body Works, Whole Foods, Trader Joe's, Chipotle, Panera Bread, Walgreens, and more. The immediate area retailers also includes Dunkin Donuts, 7-Eleven, Bank of America, and more. Numerous medical centers are also located within a three-mile radius such as Northwest Medical Center, Presence Resurrection Medical Center, Concentra Urgent Care, Advocate Occupational Health, and more

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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