1165 N. Clark Retail Vertical Subdivison

1165 N Clark St Chicago , IL 60614

1165 N. Clark Retail Vertical Subdivison - retail for sale

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Overview



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
General
Property type Retail
Property subtype High street
Tenure type Sale/Purchase
Property address 1165 N Clark St, Chicago, IL 60610-2702
Market Chicago
Land in acres 0.73
Building size 18,100  ft2
Year built 1980
Financial
Price Confidential
Cap rate Confidential
Lease
Tenant's name CVS Health
Credit rating (S&P) BBB

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