Mattress Warehouse NNN
New
For Sale
$1,728,000
6353 W Fullerton Ave, Chicago, IL 60639
The triple-net lease limits landlord responsibilities and provides one additional five-year renewal option.
Property Size3,700 SF
Price / SF$467.03
Days on Market1
Property Features for 6353 W Fullerton Ave
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Discount
Lease Type
NNN
Site & Location
Neighborhood
Belmont Central
Corner Location
Yes
Highway Access
Yes
Additional Details
Cap Rate
7.35%
Tenant in Place
Yes
Amenities
Triple-Net Leased Mattress Warehouse with Over Five Years of Term Remaining
Located at the Signalized Intersection of W Fullerton Avenue and N Narragansett Avenue, Which Sees 31,7000 Vehicles per Day
One Mile from Metra Train Station | The MD-W Line Served 2.78 Million Passengers in 2025
Kiddie Corner to the Bricktown Square, Which Ranks in the Top Five Percent of Shopping Centers Nationwide by Visits and Attracts 4.8 Million Annual Visitors (Placer.ai)
0.3 Miles from The Brickyard, Which Ranks in the Top Two Percent of Shopping Centers Nationwide by Visits and Attracts 8.1 Million Annual Visitors (Placer.ai)
45,617 Residents Live Within a Mile Radius and 912,250 Residents Live Within a Five-Mile Radius
Average Household Income of $101,918 Within a Five-Mile Radius | Expected to Reach $115,408 by 2030
Building Details
Building Size
3,700 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap | Chicago Oak Brook
Listed By:
Austin Weisenbeck · License #License(s): IL: 475.140200
(630) 570-2169
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 4:12PM
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 Marcus & Millichap | Chicago Oak Brook
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Investment Insights
Based on property information with market context.
This 3,700-square-foot retail property is leased to Mattress Warehouse under a triple-net structure, with limited landlord responsibilities. More than five years remain on the lease, which calls for 2% annual rent increases beginning in March 2029 and includes one additional five-year renewal option. The stated cap rate is 7.35%.
The property sits at the signalized intersection of W. Fullerton Avenue and N. Narragansett Avenue in Chicago, with access to Metra and Interstates 90 and 290. Bricktown Square is kitty-corner, and The Brickyard is 0.3 miles away; the two retail destinations draw nearly 13 million visitors annually. More than 182,000 residents live within two miles, where average household income exceeds $100,000.
The property sits at the signalized intersection of W. Fullerton Avenue and N. Narragansett Avenue in Chicago, with access to Metra and Interstates 90 and 290. Bricktown Square is kitty-corner, and The Brickyard is 0.3 miles away; the two retail destinations draw nearly 13 million visitors annually. More than 182,000 residents live within two miles, where average household income exceeds $100,000.
Key Highlights
- 3,700‑square‑foot retail property leased to Mattress Warehouse
- Triple‑net lease with more than five years remaining and limited landlord responsibilities
- 2% annual rent increases begin in March 2029; one additional five‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,783
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,660
$1.1M
Cap Rate 7%
$754,043
$754.0K
Cap Rate 9%
$586,478
$586.5K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$82.1K $22.20/SF
− Vacancy
−$6.7K −$1.82/SF
EGI
$75.4K $20.38/SF
− OpEx
−$22.6K −$6.11/SF
NOI
$52.8K $14.27/SF
Area
ZIP 60639
Vacancy
8.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,660
Cap Rate 7%
$754,043
Cap Rate 9%
$586,478
Alternative Uses
Best Use
Retail
$754.0K
$659.8K – $879.7K
NOI $52,783 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,516 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
641k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 23%
Superstores 18%
Home Improvements & Furnishings 16%
Dining 14%
Target
Superstores
116,293 visits/mo
0.4 miles
Jewel-Osco
Groceries
79,637 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
52,854 visits/mo
0.4 miles
Marshalls
Apparel
50,047 visits/mo
0.2 miles
Five Below
Shops & Services
44,482 visits/mo
0.5 miles
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
NNN property - The triple-net lease limits landlord responsibilities and provides one additional five-year renewal option.
Where is this nnn property located?
The property is located at 6353 W Fullerton Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,728,000.
What are key features of this property?
This property features: 3,700‑square‑foot retail property leased to Mattress Warehouse; Triple‑net lease with more than five years remaining and limited landlord responsibilities; 2% annual rent increases begin in March 2029; one additional five‑year renewal option
