41-51 W 87th St - Freestanding FOR SALE
Chicago, IL 60620 |
41-51 W 87th St
Chicago, IL 60620
HIGHLIGHTS
- Fully Stabilized Multi-Tenant Investment - Each tenant has occupied the Property since it was built in 2017.
- Strong Store Sales - Chipotle and GNC’s reported sales are well above the national average.
- Ideal Unit Sizes - Each suite is between 1,200 – 2,538 square feet.
- Structured Rental Increases - There are 10% rent increases every 5 years during the initial term and in the option periods.
- Recent Tenant Improvements - Since being acquired by T-Mobile in 2020, Sprint has re-branded all their retail operations to T-Mobile.
- The Property is located within a grocery-anchored center with other tenants like Floor & Decor, Wendy’s, and Home Furniture Outlet.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chipotle, GNC, T-Mobile
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
undefined, Fast Food, Storefront
TOTAL BUILDING SIZE
5928
STORIES
1
YEAR BUILT
2017
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
25-04-209-029-0000
