This fully leased freestanding retail building offers investors a rare opportunity to acquire a stabilized asset in the heart of Chicago’s Albany Park neighborhood. The property is secured by an established national tenant, Advance Auto Parts, operating under an NNN lease that delivers consistent cash flow with minimal landlord responsibility. The current lease is structured with a term through February 2031, including options for extension, ensuring long-term income stability.
Situated on 0.43 acres along West Montrose Avenue, a highly traveled arterial corridor on Chicago’s Northwest Side, the property is surrounded by a dense residential base and well-developed neighborhood retail. Easy access to primary transportation routes, including the Brown Line CTA train, CTA bus stops, and major expressways, ensures consistent customer traffic. This location benefits from its embedded position in a bustling community with significant retail demand.