Single-Tenant Retail Portfolio in Chicago
The Details
- 9012 S Commercial Ave
- 6,950 SF retail storefront
- New 5 year lease signed in 2018 with 5 year renewal option - 4269 S Archer Ave
- 6,000 SF retail storefront
- Currently in second renewal lease option until June 2022
- Just signed new 10-year lease - Combined Annual Rent: $72,000 NN
- Part of Commercial Ave and Archer Ave TIFs
4269 S Archer Ave | Chicago, IL
A net leased 6,000 square foot retail storefront on Archer
Avenue is available for sale. Near Kedzie Avenue, the building is leased to a well-established Cosmetology school, Cannella School of Hair Design and is one of six locations throughout Chicagoland. This long-term tenant is currently under the second renewal option of their lease until June 2022. Tenant has a 10-year option through 2032, which they plan to execute early. The building generates $48,000/NN per year in rent. The property is in a great location, close to public transportation, major roads and I-55 Stevenson expressway. Nearby businesses include local and national retailers such as Walgreens, Dunkin’, Jewel-Osco, Pete’s Fresh Market, several restaurants and more.
9012 S Commercial Ave | Chicago, IL
A net leased 6,950 square foot retail storefront on Commercial Ave. is available for sale. Near 91st St., the building is leased to a beauty school under a new five year lease. The building generates $24,000 per year in rents, with the landlord only responsible for the insurance. The building has a long window line on Commercial plus a hanging sign to increase visibility. Nearby businesses include local and national retailers such as Family Dollar, Rainbow and City Sports.