505 Mcclurg Ct, Chicago, IL 60611

This exceptional investment opportunity presents a fee simple interest in a 4,482-square-foot retail property located at 505 N McClurg Ct, Chicago, IL 60611. Situated in the vibrant West Loop neighborhood, this property boasts a prime location within a residential condominium building. The asset is currently 100% occupied by two tenants: Subway and West Loop Veterinary Care Streeterville, operating under passive net leases. Landlord responsibilities are limited to structural maintenance and capital improvements. Both leases include substantial annual rent escalations, providing a built-in inflation hedge. The property offers a strong 7.25% cap rate and a substantial net operating income (NOI) of $275,602. The asking price is $3,800,000. Tenancy is secured by a corporate guarantee. Detailed lease information is available in the offering memorandum. This investment benefits from excellent tenant diversification, a hard corner location ensuring high visibility and foot traffic, and the strong demographics of downtown Chicago, making it an attractive, Amazon-proof investment. The property's location in a thriving urban infill area and the medical office tenant provide further stability and growth potential. The Subway tenant has a new 10-year lease with annual rent increases.