NNN Retail Investment
For Sale
Contact for pricing
3530 N SOUTHPORT AVE, Chicago, IL 60657
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 Market66
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
Changed: Jul 10
Last Checked: Jul 30 at 3:00PM
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
Current Use
Location Intelligence
Trade Area within ½ mile
4,763
Businesses Nearby
304k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Dining 24%
Shops & Services 17%
Superstores 11%
Whole Foods Market
Groceries
64,387 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
36,207 visits/mo
0.4 miles
Target
Superstores
32,877 visits/mo
0.4 miles
Jewel-Osco
Groceries
30,208 visits/mo
0.1 miles
Shell
Shops & Services
15,013 visits/mo
0.2 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
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 - 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
