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- LoopNet Team
6800 S Ashland Ave
Chicago, IL 60636
Family Dollar | 7.75% Cap | NNN · Retail Property For Sale
Investment Highlights
- Ideal 1031 exchange property for an investor seeking a reliable source of passive income.
- Larger 10,152 SF store due to anticipated sales well above their national average (Family Dollar’s typical prototype is 8,320 SF).
- Traffic counts in excess of 20,000 vehicles daily.
- 2016 Retrofit for Family Dollar: Remodel included new parking lot, roof (20-year warranty) and HVAC systems.
- 7-Years remaining on a retail NNN lease with Five, 5-year renewal options all of which include an attractive 10% rent increase.
- 3-Mile population: 277,044 residents.
Property Facts
About 6800 S ASHLAND AVE , CHICAGO, IL 60636
• Average household incomes of $60,000+ annually (considered to be Family Dollar’s “sweet spot”). • Chicago is the most populous city in the state of Illinois and the third most populous city in the United States. • The subject property is located 6 miles East of Chicago Midway International Airport and 7 miles south of Downtown Chicago. • Local retail tenants include Chase Bank, Food 4 Less, KFC, Burger King, White Castle, Wendy’s, Walgreens, AutoZone, ALDI, and many more. TENANT • Investment Grade Credit Tenant (S&P rating BBB-) • Family Dollar was acquired by Dollar Tree in 2015 and is now considered to be one of the nation’s largest small-box discount retailers • Family Dollar & Dollar Tree have more than 15,000 locations nationwide • Dollar Tree has a market cap of ± $18B
Property Taxes
| Parcel Numbers | Improvements Assessment | $183,399 | |
| Land Assessment | $42,851 | Total Assessment | $226,250 |
Property Taxes
