This offering represents a two-property, fully leased retail portfolio located in established Chicago neighborhoods, delivering stable in-place income backed by national credit tenants. The portfolio includes 9244 S. Ashland Avenue (Washington Heights/Beverly area) and a freestanding retail asset along West Montrose Avenue in Albany Park. Both properties are secured under long-term triple net (NNN) leases, minimizing landlord responsibilities while providing consistent, predictable cash flow.
The Ashland Avenue property is a freestanding retail building situated on a 0.62-acre parcel along a heavily trafficked commercial corridor. The asset is leased to Dollar General under a recently renewed lease term extending through January 2032, with additional renewal options. The property benefits from strong visibility and consumer traffic, positioned within a retail trade area anchored by national brands including Jewel-Osco, Walgreens, and Burger King.
The Albany Park asset is a 0.43-acre freestanding retail property leased to Advance Auto Parts under a long-term NNN lease through February 2031, also featuring extension options. Located along West Montrose Avenue, a prominent arterial on Chicago’s Northwest Side, the site is supported by dense surrounding residential population and a well-established neighborhood retail corridor, with access to CTA transit (Brown Line and bus routes) and major expressways.