Family Dollar NNN Retail
For Sale
Contact for pricing
Pending
1643 West Monterey Avenue, Chicago, IL 60643
Retail asset leased under a long-term triple-net structure with scheduled contractual increases and multiple renewal options.
Property Size8,320 SF
Lot Size1.20 Acres
Days on Market144
Property Features for 1643 West Monterey Avenue
General Information
Standard status
Pending
Size
8,320 SF
Lot size
1.20 Acres
Property subtype
Retail, Land
Additional Details
Gross Income
$88,655
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This NNN retail property includes an 8,320-square-foot building on approximately 1.20 acres. The asset is occupied by Family Dollar under a 15-year triple-net lease, providing a defined lease structure for the investment profile.
Contractual rent increases are set at 10% every five years, beginning in Year 11. The lease also includes six five-year tenant renewal options, extending the available term beyond the initial lease period. The property combines an established retail tenancy with a documented lease schedule and renewal framework.
Contractual rent increases are set at 10% every five years, beginning in Year 11. The lease also includes six five-year tenant renewal options, extending the available term beyond the initial lease period. The property combines an established retail tenancy with a documented lease schedule and renewal framework.
Key Highlights
- Family Dollar retail tenancy
- 8,320 square feet of building space
- Approximately 1.20 acres of land
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
10,708 visits/mo
0.1 miles
BP
Shops & Services
10,047 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,294 visits/mo
0.1 miles
Demographics for 60643, IL
47,831
Population
19,541
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
6,464
Density / Sq Mi
$83,015
Median Household Income
$53,155
Median Earnings
$1,359
Median Rent
$233,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Retail asset leased under a long-term triple-net structure with scheduled contractual increases and multiple renewal options.
Where is this nnn property located?
The property is located at 1643 West Monterey Avenue Chicago, IL.
What are key features of this property?
This property features: Family Dollar retail tenancy; 8,320 square feet of building space; Approximately 1.20 acres of land
