Retail

1165 N. Clark Retail Vertical Subdivison

1165 N Clark St Chicago, IL United States 60610-2702
Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1980
Tenant CVS Health
Lot Size acres

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%
  • Long-term NNN lease structure and just renewed for a 25-year term with rent growth
  • Minimal landlord responsibilities
  • Durable cash flow
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
Licensed in
IL - 475.158824
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243

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