Shopping Neighborhood

Binny's Anchored Retail | Dense Infill Chicago

Listing Price: $11,643,000

Cap Rate
7.00%
Gross SF
60,448
Rentable SF
60,448
Price/Gross SF
$192.61
Lot Size
2.32 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present Binny's Anchored Retail | Dense Infill Chicago, located in Chicago, Illinois. This 2.7-Acre retail development is anchored by strong tenants Binny's Beverage Depot and Retro Fitness. Binny's lease features 7.5 percent rental increases every five years and 13 years remaining on the original lease term. There is an opportunity to add further value and cap rate growth through leasing the remaining 11,000 square feet of vacant space on the property. The property is ideally located one block west from the heavily traveled Six Corners Intersection. This is a strong infill location with 45,323 people living within one mile of the subject property.

Investment Highlights

  • 2.7-Acre Retail Development Anchored by Binny's Beverage Depot and Retro Fitness
  • Opportunity to Add-Value and Cap Rate Growth Through Leasing the Remaining 11,000 Square Feet of Vacant Space
  • One Block West from Six Corners Intersection | 71,595 Vehicles Passing per Day
  • Plentiful Parking | Rare 175-Surface Spaces
  • Strong Infill Location | 45,323 People Live Within One Mile of Subject Property
  • Average Household Income of $85,224 Within One Mile of Subject Property

Exclusively Listed By

Shopping Neighborhood

Binny's Anchored Retail | Dense Infill Chicago

Listing Price: $11,643,000

Cap Rate
7.00%
Gross SF
60,448
Rentable SF
60,448
Price/Gross SF
$192.61
Lot Size
2.32 acres
Year Built
1975

Investment Highlights

  • 2.7-Acre Retail Development Anchored by Binny's Beverage Depot and Retro Fitness
  • Opportunity to Add-Value and Cap Rate Growth Through Leasing the Remaining 11,000 Square Feet of Vacant Space
  • One Block West from Six Corners Intersection | 71,595 Vehicles Passing per Day
  • Plentiful Parking | Rare 175-Surface Spaces
  • Strong Infill Location | 45,323 People Live Within One Mile of Subject Property
  • Average Household Income of $85,224 Within One Mile of Subject Property

Investment Overview

Marcus & Millichap is pleased to present Binny's Anchored Retail | Dense Infill Chicago, located in Chicago, Illinois. This 2.7-Acre retail development is anchored by strong tenants Binny's Beverage Depot and Retro Fitness. Binny's lease features 7.5 percent rental increases every five years and 13 years remaining on the original lease term. There is an opportunity to add further value and cap rate growth through leasing the remaining 11,000 square feet of vacant space on the property. The property is ideally located one block west from the heavily traveled Six Corners Intersection. This is a strong infill location with 45,323 people living within one mile of the subject property.

Exclusively Listed By

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