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- LoopNet Team
1061 W Jackson Blvd
Chicago, IL 60607
TARGET SHADOW ANCHORED CENTER | 100% Occupied · Retail Property For Sale
Investment Highlights
- Target shadow-anchored strip center with plenty of parking in one of Chicago’s hottest growing markets.
- Clay-Smith Vet Services has spent significant money building out its space, showing strong commitment to the location.
- High-quality, new construction, multi-tenant retail property – Sherwin Williams, AT&T, Enamel Dental, & Clay-Smith Vet Services.
- Desirable Lease Structures - All four Tenants have signed 10-year leases at the location.
Property Facts
About 1061 W JACKSON BLVD , CHICAGO, IL 60607
Sherwin Williams and AT&T have 10% rental increases in the option periods; Enamel Dental has 2.50% rental increases annually; and Clay-Smith Vet Services has $2.75/SF rental increases annually starting year 5. Strong annual growth. One of Chicago’s hottest markets undergoing robust area densification and growth. 1.8 Million SF of existing office (more than 25,000 daytime employees) with an additional 3.4 million SF under construction or planned. More than 900 hotel rooms existing, under construction or planned, plus an additional 4,500 new apartment units under construction or planned.
