7108 S Wabash Ave | 7108 S Wabash Ave
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7108 S Wabash Ave 7108 S Wabash Ave
6,000 SF 100% Leased Retail Building Chicago, IL 60619 $1,400,000 ($233/SF) 8.34% Cap Rate
Investment Highlights
- 100% Leased Newer Retail Center
- Long Term Tenants
- Maintenance Free PVC Roof
- All leases are NNN
- Stabilized Center
- Densely Populated Area
Executive Summary
Investment is a newer 6,000sf multi-tenant retail center on a 16,917sf site. Property is 100% occupied with 5 tenants. All leases are triple net. Professionally managed property. The property is located on the west border of Chicago's Greater Grand Crossing Community. The property was built in 2014. Property features include a maintenance-free PVC roof, newer HVAC systems, and long-term quality tenants. The site is located one block east of the Dan Ryan Expressway on the south side of the street.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Year Built/Renovated
2014/2020
Price
$1,400,000
Price Per SF
$233
Cap Rate
8.34%
NOI
$116,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
B3-1
Frontage
Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (74)
Nearby Major Retailers
1 of 4
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7108 S Wabash Ave | 7108 S Wabash Ave
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