5518 W Chicago Ave
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5518 W Chicago Ave
11,650 SF Retail Building Chicago, IL 60651 $990,000 ($85/SF) 10.90% Cap Rate
Investment Highlights
- Leased to Dollar General on a net-lease; minimal landlord responsibilities
- Corporate guarantee from Investment grade tenant (S&P: BBB)
- Surrounded by national tenants including: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more
- Strong hedge against inflation; 10% rental increases every 5 years
- Placed in high traffic corridor of Chicago Ave. which sees approximately 8,836 VPD
Executive Summary
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale an 11,650 square-foot single-tenant retail building located at 5518 W Chicago Ave., Chicago, IL. The free-standing building is leased to Dollar General (S&P: BBB) and is on a 10-year net lease, which commenced in August of 2015 and features (4) 5-year options with 10% rental increases every 5 years. The building was originally constructed in 1975 and sits on approximately 0.58 acres of land.
The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of Chicago Ave., which sees over 8,836 VPD. Additionally, the site is located just east of the Chicago Ave. and Central Ave. lighted intersection which sees an additional 16,373 VPD. The asset is located in a middle-class area, with over 162,486 residents and an average household income of $87,200 within 2 miles of the site. Notable surrounding national tenants include: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more.
The site benefits from excellent visibility being located directly on the major east/west retail thoroughfare of Chicago Ave., which sees over 8,836 VPD. Additionally, the site is located just east of the Chicago Ave. and Central Ave. lighted intersection which sees an additional 16,373 VPD. The asset is located in a middle-class area, with over 162,486 residents and an average household income of $87,200 within 2 miles of the site. Notable surrounding national tenants include: McDonald’s, Subway, Dunkin’, Walmart, Menards, Ace Hardware, Planet Fitness, and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,650 SF
Building Class
B
Year Built
1974
Price
$990,000
Price Per SF
$85
Cap Rate
10.90%
NOI
$107,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.92
Land Acres
0.29 AC
Zoning
B3-1 - Community Shopping District
Frontage
49 FT on W Chicago Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Hard corner of signalized intersection • Heavy Traffic Counts from Chicago and Central Ave • Parking on site • Pylon Signage
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,650 SF | Retail | - | Jul 2025 |
1st Floor
| Size |
| 11,650 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jul 2025 |
1st Floor
| Size | 11,650 SF |
| Space Use | Retail |
| Position | - |
| Available | Jul 2025 |
• Hard corner of signalized intersection • Heavy Traffic Counts from Chicago and Central Ave • Parking on site • Pylon Signage
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $198,365 | |
| Land Assessment | $32,023 | Total Assessment | $230,388 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$32,023
Improvements Assessment
$198,365
Total Assessment
$230,388
-
Chad Firsel -
Daniel Waszak -
Quantum Real Estate Advisors, Inc
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5518 W Chicago Ave
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