2310 Belmont Ave, Chicago, IL 60618
5 Retail Properties Offered at $10,625,625 in Chicago, IL
For Sale
Active
14 pictures
Asking Price $10,625,625
- Property Type
-
Retail
- Square Feet
- 26,439 SF
Listing Contacts
Marc Sibai
Michael Mintz
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a five-property portfolio of freestanding “A Fresh Start” investment properties located in Chicago, Illinois (the “Portfolio” or “Properties”). The Portfolio represents a sale-leaseback and will feature a new 10-year Absolute NNN Lease with two (2), 5-year renewal options for each location upon the close of escrow. The leases will provide attractive 1.5% annual increases in rent. “A Fresh Start” has been in business since 2005 and provides independent Sober Living Communities for those choosing to live a sober life. The Portfolio is comprised of five Properties (each encumbered by an Absolute NNN Lease) with a total of seventy (70) bedrooms, thirty-two (32) bathrooms, and a total of one hundred twenty-seven (127) beds. The Portfolio contains 26,439 square feet of living area on a combined 0.40 acres of land. The Properties are well-located along prominent streets in the densely populated Roscoe Village neighborhood of Chicago, with convenient access to an array of amenities, including retail, restaurants, entertainment, and public parks. Additionally, The Properties are a short walk from municipal bus stops along W Belmont Avenue, N Damen Avenue, and W Addison Street, and the Addison and Paulina CTA Stations with service along the Blue line. The Properties also provide convenient access to Interstates 90 and 94.
Highlights
- Long Term Leases
- Absolute NNN Leases
- Attractive Rent Increases
- Dynamic Tenant
- Tenant Commitment to the Properties
- Strategi Retail Locations
All available spaces
- Space
- Size
- 4,416 SF
- Space Subtype
- Retail
- Space
- Size
- 5,787 SF
- Space Subtype
- Retail
- Space
- Size
- 3,594 SF
- Space Subtype
- Retail
- Space
- Size
- 2,912 SF
- Space Subtype
- Retail
- Space
- Size
- 9,730 SF
- Space Subtype
- Retail
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