9438 S Ashland Ave - Storefront FOR SALE


Chicago, IL 60620- Brainerd
$2,600,000 USD
631-664-5220
9438 S Ashland Ave, Chicago, IL for Sale
$2,600,000 USD
Storefront - FOR SALE
1/4
null | 5.28% Cap Rate

9438 S Ashland Ave
Chicago, IL 60620
Brainerd


HIGHLIGHTS

  • NN Property with Limited Landlord Responsibilities
  • Newly Constructed in 2022 with 7 Years Remaining on the Lease Term
  • Pad Site at Jewel Osco, Corner Location at Traffic Lit Intersection
  • Corporate Signed (S&P: BBB+)
  • 10% Increases Every Five Years!

OVERVIEW

We are pleased to present an exceptional investment opportunity—a newly constructed Starbucks property completed in 2022, featuring a secure 10-year lease with Starbucks Corporation (NASDAQ: SBUX S&P: BBB+). This property is strategically positioned as a pad site to Jewel-Osco Grocery Store, ensuring strong consumer traffic and visibility. Situated at highly visible and heavily traveled corner of S. Ashland Ave. and W. 95th Street. The surrounding area is home to a variety of well-established retailers, including McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, and Dunkin' Donuts, Subway and more, making this location highly desirable for continued foot traffic and long-term growth. The asset is backed by a stable NN lease structure, offering minimal landlord responsibilities and ease of management. With over (7) seven years remaining on the lease term, the investment benefits from (4), 5-year extension options, providing long-term stability. Additionally, rent increases of 10% every 5 years ensure steady income growth throughout the lease duration. For more information or inquiries, please contact Michael Murphy or Christopher Mauriello.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,083 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,566 SF

ZONING

-

APN/PARCEL ID

25-06-426-016-0000

ASK ABOUT THIS PROPERTY

Chris MaurielloDouglas Elliman CommercialMore Info
631-664-5220

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Chris MaurielloDouglas Elliman CommercialMore Info
631-664-5220

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