6647 S Western Ave - Freestanding FOR SALE


Chicago, IL 60636- West Englewood
$1,678,662 USD
201-919-6148
6647 S Western Ave, Chicago, IL for Sale
$1,678,662 USD
Freestanding - FOR SALE
1/1
null | 7.85% Cap Rate

6647 S Western Ave
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Long-Term History at Site & New 5-Year Lease Extension
  • Signalized, Hard Corner Intersection with Multiple Points of Entry
  • Best-in-Class Tenant with Investment Grade Corporate Guaranty
  • Top 30% Store
  • Easy Access to Surrounding Public Transportation
  • Dense, Urban Infill Chicago MSA Acquisition Opportunity

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Dollar General located in Chicago, IL (“The Property”). The Property consists of an 8,894 square foot freestanding retail building, on a 0.52-acre parcel of land. Dollar General is operating under a passive net lease with limited landlord responsibilities and 10% rental increases in each of the four (4) option periods remaining. Additionally, the tenant just exercised a 5-year lease extension through November 2030. The Property is located in Chicago, IL, the 3rd largest MSA in the United states by population and only three (3) miles away from Midway International Airport, one of two major airports serving the Chicago MSA. There are more than 41,000 people living within 1 mile of the Property and more than 322,000 people living witihin 3 miles of the Property.

FOR SALE DETAILS

PRICE

$1,678,662 USD

PRICE/SF

$189 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

B1-2

APN/PARCEL ID

20-19-123-044-0000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.