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    OFF-MARKET
    Lifestyle centers

    4916-4926 Pulaski Rd, Chicago, IL 60630

    16,209 SF 0.58 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Lifestyle centers
    Total area 16,209 SF
    Lot 0.58 ac (25,265 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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