Fully Occupied Chicago Net Retail Asset | 2830 Mannheim Rd
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Fully Occupied Chicago Net Retail Asset 2830 Mannheim Rd
4,275 SF 100% Leased Retail Building Franklin Park, IL 60131 $1,895,000 ($443/SF) 7.51% Cap Rate
Investment Highlights
- 2830 Mannheim Road presents an opportunity to acquire a retail center featuring Jersey Mikes, AT&T, and Taco Pros just outside Chicago.
- Incredible opportunity to acquire a 100% net leased retail asset that is fully stabilized with a diverse roster of three service-based tenants.
- Positioned just 3 miles south of one of the worlds busiest airports, Chicago's O'Hare, which is reachable directly from Mannheim Road.
- Prime location at the corner of Mannheim Road and Grand Avenue, two crucial commercial hubs that see a combined 65,000 vehicles per day.
- Strong surrounding retail synergies that feature national chains like Chipotle, Starbucks, McDonalds, Subway, Dunkin', and more.
Executive Summary
Fully leased to strong tenant with long term leases. Jersey Mike's lease through 2032, Taco Pros lease through 2033 and AT&T lease through 2029. Property generates $142,310 in true NOI. THIS IS NOT A DISTRESSED PROPERTY. All financial, environmental and property condition documents are available for review. Property is in excellent condition and is a perfect investment whether it be via a 1031 exchange or not.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,275 SF
Year Built
2019
Price
$1,895,000
Price Per SF
$443
Cap Rate
7.51%
NOI
$142,310
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.43 AC
Zoning
C-3 - C-3 allows for a variety of uses including many more uses in C-2 zoning which are also allowed under C-3
Parking
21 Spaces (4.91 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $317,626 | |
| Land Assessment | $194,300 | Total Assessment | $511,926 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$194,300
Improvements Assessment
$317,626
Total Assessment
$511,926
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Fully Occupied Chicago Net Retail Asset | 2830 Mannheim Rd
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