NNN Retail Investment
3530 N SOUTHPORT AVE Chicago, IL 60657
3530 N SOUTHPORT AVE, Chicago, IL, 60657
Contact for pricing
For Sale
Contact for pricing
NNN retail property with corporate guarantee and approximately $70,000 NOI supported by 3% annual increases.
Property Size825 SF
Price / SF$1,212
Days on Market57
Property Features for 3530 N SOUTHPORT AVE
General Information
- Standard status
- Active
- Size
- 825 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agency
Avison Young - Chicago Downtown
Listed by
Mark Montana · License #471.016306
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 12:46PM
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 Avison Young - Chicago Downtown
Investment Insights
Based on property information with market context.
This for-sale NNN retail property is positioned as a specialty NNN investment with income characteristics described in the offering. The information provided states approximately $70,000 in NOI, with 3% annual increases. The deal is also noted as having a corporate guarantee, providing an additional layer of credit support for the structure.
The property is located in the Southport retail corridor, which speaks to its positioning within an established retail area. No additional details regarding the building configuration, size, improvements, or tenant specifics were provided with this listing information.
For buyers seeking an NNN retail asset, the key underwriting points highlighted here are the approximate NOI level, the stated 3% annual increases, and the presence of a corporate guarantee. This combination may appeal to investors looking for a property where operating expense responsibility is handled under an NNN framework, while the annual income escalator and corporate credit support are designed to help stabilize the cash-flow assumptions reflected in the offering. Interested parties should review the full rent roll, guarantee terms, and NNN structure documents to confirm all operating and contractual details.
The property is located in the Southport retail corridor, which speaks to its positioning within an established retail area. No additional details regarding the building configuration, size, improvements, or tenant specifics were provided with this listing information.
For buyers seeking an NNN retail asset, the key underwriting points highlighted here are the approximate NOI level, the stated 3% annual increases, and the presence of a corporate guarantee. This combination may appeal to investors looking for a property where operating expense responsibility is handled under an NNN framework, while the annual income escalator and corporate credit support are designed to help stabilize the cash-flow assumptions reflected in the offering. Interested parties should review the full rent roll, guarantee terms, and NNN structure documents to confirm all operating and contractual details.
Key Highlights
- NNN retail property built in 2002
- Approximately $70,000 NOI
- 3% annual increases
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
INK + ALLOY
(Bike/Boat/Book/etc) Store
Very Best Cleaners
(Bike/Boat/Book/etc) Store
Oros
Clothing & Fashion Store
Claire's
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - NNN retail property with corporate guarantee and approximately $70,000 NOI supported by 3% annual increases.
Where is this nnn property located?
The property is located at 3530 N SOUTHPORT AVE Chicago, IL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: NNN retail property built in 2002; Approximately $70,000 NOI; 3% annual increases
