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WRIGLEYVILLE TROPHY CENTER 1115 W Addison St 58,819 SF 100% Leased 4-Star Retail Building Chicago, IL 60613 $33,060,583 ($562.07/SF) 6% Cap Rate
Investment Highlights
- Unmatched Wrigleyville Location: Directly across from Wrigley Field with year-round tourism and event-driven traffic.
- Premier National Tenants: Chase Bank, Taco Bell, Crumbl Cookies, Culver’s, and Movement Fitness.
- Strong Cash Flow Durability: Weighted Average Lease Term of 10.74 years.
- Trophy Retail Asset: Truly irreplaceable real estate in one of Chicago’s most iconic districts.
- Long-Term NNN Leases: Minimal landlord responsibilities across the rent roll.
- Demographic Strength: Lakeview’s dense, affluent population and constant visitor inflow.
Executive Summary
The Wrigleyville Trophy Center located at 1115 W Addison Street is an irreplaceable retail asset located directly outside Wrigley Field - one of the highest foot-traffic intersections in Chicago. The property is leased to a diversified mix of national credit tenants on long-term NNN leases, producing highly stable income with a WALT of 10.74 years. Its visibility, tenant quality, and supply-constrained location make it a flagship, long-term hold for both private and institutional investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
58,819 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$33,060,583
Price Per SF
$562.07
Cap Rate
6%
NOI
$1,983,635
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.87
Lot Size
0.47 AC
Zoning
50
Frontage
162’ on West Addison Street
Amenities
- Bus Line
- Corner Lot
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-20-400-021-0000 | Improvements Assessment | $1,233,965 |
| Land Assessment | $511,535 | Total Assessment | $1,745,500 |
Property Taxes
Parcel Number
14-20-400-021-0000
Land Assessment
$511,535
Improvements Assessment
$1,233,965
Total Assessment
$1,745,500
Contacts
-
John Dudash -
Alex Lott -
Joseph Lombardo -
Samantha Vogt - Dash Commercial Real Estate Advisors
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Dash Commercial Real Estate Advisors
WRIGLEYVILLE TROPHY CENTER | 1115 W Addison St
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