1165 N. Clark Retail Vertical Subdivison

Asset Type

Retail

Address
1165 N Clark St Chicago, IL United States 60610-2702
Asking Price

Contact for pricing

Sq Footage

18,100

Year Built

1980

Cap Rate

N/A

Additional Attributes

Property Description

Vertically subdivided retail unit with 18,100 sq. ft. for sale, situated at the base of an 82,008 sq. ft. office unit. The property is leased to CVS Pharmacy, which recently expanded its footprint and completed a major renovation of the space. Located at the junction of River North and the Gold Coast neighborhoods in Chicago, and is adjacent to the Division Red Line Station, which sees over 2.6 million riders annually.

Investment Highlights

  • Fee simple interest of 100%
  • Property features a long-term NNN lease structure and just renewed for a 25-year term with rent growth
  • Minimal landlord responsibilities
  • Durable cash flow
Listing Contacts
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
+65 3159 4021
IL - 475158824
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
+65 3159 4021
IL - 475.170243
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