3450 Southport Avenue, CHICAGO
NNN Investment / Retail Condo located in heart of SOUTHPORT RETAIL CORRIDOR in Lake View neighborhood of Chicago leased to BENEFIT COSMETICS until March 2023. Current NOI is $62K annually, increasing to $68K in March of 2018 raising the CAP RATE to 5.23% & Cash on Cash to 6.13% at asking . Area retailers include Hanna Andersson, Kendra Scott, J Crew, GAP, Lululemon, Starbuck's, Paper Source, Anthropologie, Amazon and more. Great income generating investment on a vibrant retail corridor surrounded by high household incomes. Located near Wrigley Field home of Chicago Cubs, currently going through $500 million in renovations.
- MLS® #09166872
- Square Footage6,600
- Year Built2005
- HeatingCentral Heat/Indiv Controls
- CoolingCentral Air
- Address3450 Southport Avenue
- AreaCHI - Lake View
- Zip Code60657
- Lot DescriptionMixed Use Area
- Listing OfficeJameson Commercial
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Listing information last updated on February 22nd, 2018 at 6:20pm CST.