Property summary
Top Plaza, a 16,209 square foot, three-tenant retail center located at 4916-4926 N Pulaski Rd, Chicago, IL 60630, presents a compelling investment opportunity. This fee-simple property sits on a 0.58-acre lot and boasts a 7.78% cap rate with a strong NOI of $178,585. The property is 100% occupied, anchored by a Dollar Tree with a corporate guarantee and investment-grade credit rating (BBB/Baa2). Dollar Tree occupies 74% of the space and has a lease with over four years remaining, including renewal options. The remaining two tenants, a clothing store and a laundromat, also have leases with built-in rent increases and significant remaining terms. Built in 1989 and 2003, the single-story building benefits from excellent visibility and signage on N Pulaski Road in the Albany Park neighborhood. The location offers convenient access to major highways (Interstates 90 and 94 are within one mile) and public transportation. The strong demographics of the area, with over 49,500 people within a one-mile radius and an average household income exceeding $116,000, further enhance the investment potential. Nearby national retailers and restaurants drive significant traffic to the area. All leases include attractive rent bumps, providing a hedge against inflation and ensuring a stable income stream. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with a strong tenant mix and excellent location. The asking price is $2,295,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
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- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning