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- LoopNet Team
5518 W Chicago Ave
Chicago, IL 60651
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 11,650 SF |
| Property Subtype | Freestanding | Year Built | 1974 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,650 SF |
| Year Built | 1974 |
ABOUT THE PROPERTY
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.
