Search Results for 

2640 W Pershing Road - Archer Station, Chicago, IL

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
2640 W Pershing Road - Archer Station

Chicago, IL 60632-1629 - South Chicago Submarket

(8.0 MB)

Property Type:Retail Sub Type:Department Store Status:Existing Year Built:2016
Building Size:25,000 SF Land Area:-
For Sale Price:$8,132,361 Price/SF:$325.29
Cap Rate:5.15 %
Parking:45 Surface spaces are available; Ratio of 1.5/1,000 SF



Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased new construction Ross Dress For
Less property located in the city of Chicago. The property is strategically located within the newly constructed Archer Station
development which features an LA Fitness and Wendy’s. The property is positioned in a densely populated urban in-fill
location with significant barriers to entry. The brand new ten year Ross Dress For Less lease is expected to commence
in December 2016. The lease features a 10% rental escalation in the sixth lease year and escalations in each of the four
5-year renewal option periods. Ross is an investment grade rated company with a Standard & Poor’s rating of A-.
The property is strategically located at the signalized intersection of Archer Avenue and Pershing Road in the city of Chicago.
This intersection experiences traffic counts in excess of 36,000 vehicles per day. The surrounding area is densely concentrated
with commercial and residential buildings providing for significant barriers to entry. There are over 46,000 people living within
a one mile radius of the property. The property is benefited by the adjacent LA Fitness which has experienced significant
new membership enrollment since opening. The LA Fitness has generated substantial traffic to the property from residents
of the surrounding neighborhoods. The Ross Dress For Less is benefitted by its proximity to Interstate 55 which is located
approximately one-half mile north of the property. Interstate 55 is the primary artery linking Chicago to its southwest suburbs
and experiences traffic counts in excess of 172,000 vehicles per day. The 35th & Archer CTA Orange Line “L” Station is
located several blocks from the property and links residents in the surrounding area to downtown.
Ross Dress For Less is an off-price apparel and home fashion retailer with 1,500 locations in 34 states and the District of
Columbia. Ross Stores, Inc. is an investment grade rated company with a Standard and Poor’s rating of A-. The company is
publicly traded on the NASDAQ (ROST) with a market capitalization in excess of $24 billion.

• Located in the city of Chicago
• Investment grade rated tenant (S&P: A-)
• Brand new ten year lease
• Rental escalations every five years throughout the primary term and renewal option periods
• Rare new construction in-fill location
• Located within the brand new Archer Station development which features LA Fitness and Wendy’s
• Significant barriers to entry due to the densely concentrated immediately area
• Positioned at a heavily trafficked signalized intersection
• Over 46,000 people living within a one mile radius of the property
• Approximately one-half mile south of Interstate 55 (172,000 vehicles per day)
• Located several blocks southwest from the CTA Orange Line ‘L’ 35th/Archer Station

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500




Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/2640-W-Pershing-Road/Chicago/Illinois/9187451" target="_blank">2640 W Pershing Road - Archer Station, Chicago, IL - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234