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3450 N Southport Ave
Chicago, IL 60657
NNN National Tenant Lease · Retail Property For Sale
EXECUTIVE SUMMARY
NET LEASE Investment / Retail Condo located in heart of SOUTHPORT RETAIL CORRIDOR in Lake View neighborhood of Chicago leased to BENEFIT COSMETICS until March 2023. Current NET Operating Income is $67,377 with the CAP RATE of 6.13% at asking . Area retailers include Hanna Andersson, Kendra Scott, J Crew, GAP, Lululemon, Starbuck's, Paper Source, Anthropologie, Amazon and more. Great income generating investment on a vibrant retail corridor surrounded by high household incomes. Located near Wrigley Field home of Chicago Cubs, currently going through $500 million in renovations. AREA HIGHLIGHTS -------------------- High Household Incomes STRONG RETAIL CORRIDOR Strong 24-45 Year Old Demographic Densely Populated Mixed Use Area Near Wrigley Field Near New Brown Line L Stop AREA TENANTS ---------------- Anthropologie Lululemon Paper Source Athleta Noodles & Co. Francesca's Splendid J Crew Soul Cycle Lou & Grey Massage Envy Blue Mercury Starbuck's Chase Bank Music Box Theater GAP / GAP Kids Benefit David's Tea Free People Hair Cuttery Fleet Feet TRANSPORTATION HIGHLIGHTS --------------------------------- Brown Line L Stop 14,000 VPD on Southport
PROPERTY FACTS
