4916-4926 Pulaski Rd Chicago, IL 60630
- Lifestyle centers
- 16,209 SF
- 0.58 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4916-4926 Pulaski Rd
- Lot size
- 0.58 lot acres
- Property size
- 16,209 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7281
- Latitude
- 41.9707
