Pooch Hotel

2228 N Clybourn Ave Chicago , IL 60614-3012

Pooch Hotel - retail for sale

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Overview



Single-tenant Pooch Hotel, a luxury pet hotel, for sale in Lincoln Park. Set along Clybourn Avenue, this was Pooch Hotel's first location in the U.S. and has been there for 14 years. 

Positioned in a high traffic retail corridor in Chicago’s Lincoln Park neighborhood, with close proximity to Bucktown. Many well-known retailers also occupy space along Clybourn, including Mariano’s, Home Depot, Best Buy, Costco, and Menards. This area continues and will continue to grow, especially with Sterling Bay’s Lincoln Yards development beginning construction.

Investment highlights


  • Property features an NN lease with 10 years remaining
  • Minimal landlord responsibilities
  • Pooch Hotel recently extended their lease, reinforcing their long-term commitment to the space 
General
Property type Retail
Tenure type Sale/Purchase
Property address 2228 N Clybourn Ave, Chicago, IL 60614-3012
Market Chicago
Land in acres 0.1
Building size 9,086  ft2
Year built 1891
Year renovated 2004
Financial
Price $3,000,000
Cap rate 7.00%
Current NOI $209,925.00
Lease
Tenant's name Pooch Hotel
Lease type NN
Annual rent $207,504.00
Lease expiration date 01/31/2029
Remaining term 9.4Yrs

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