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Chicago South Loop NNN REtail
1307 S. Wabash, Chicago, IL 60607
1307 S. Wabash
N/A
5,100 SF
Retail
Street Retail
Investment
6.60%
100%
Single
1999
-
Last Verified 4/24/2006
Listing ID 14462466
Highlights
Triple net retail investment- 4,700 Sq. Ft. of retail space + 400 Sq. Ft. of storage
- Ground floor of a 73-unit condominium building
- Annual bumps in base rent
- Long term lease – 16+ yrs remaining
- Fee Simple Ownership separate from residential association
Description
The property consists of a commercial condominium totaling 5,100 Sq. Ft. of space on the ground floor of the 73- unit, Film Exchange Lofts condominium project in Chicago s red hot South Loop neighborhood. Currently leased to Zapatista Restaurant, an O Malley Corporation concept, this is a rare opportunity to own prime Chicago neighborhood retail space, that is fully leased on a triple net basis, to a well known regional restaurant operator.Tenant pays all expenses associated with the property including real estate taxes, utilities, and exterior maintenance.
Chicago's South Loop neighborhood is one of Chicago s most dynamic neighborhoods for new residential and commercial development. Thousands of new residential units have been or are in the process of being completed within a few blocks of the property.
Map of 1307 S. Wabash, Chicago, IL 60607 (Cook County)
Created 1/12/2006
Additional Information for 1307 S Wabash Avenue, Chicago, IL 60605
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