3951 Kimball Ave, Chicago, IL 60618
4,738 SF | 75% Leased | Retail Building | Chicago, IL 60618 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 4,738 SF
Listing Contacts
Matt Tarshis
Verified Profile
Andrew Rubin
Verified Profile
Andrew Picchietti
Verified Profile
Zack Pearlstein
Verified Profile
- Property Info
Property Overview
Multi-tenant retail center for sale at the corner of of the signalized intersection at Irving Park Road and Kimball Avenue (42,300VPD) in Chicago’s Irving Park neighborhood. The building totals 4,738 square feet and is 75% leased by T-Mobile and Jet’s Pizza. At the existing 75% occupancy rate the in-place NOI is approximately $81,240, however, Seller is willing to master lease the lonevacancy for a year at $25 NNN bringing the NOI up to $125,802 with the master lease. Both Jet’s Pizza and T-Mobile are on NNN leases. The building features an on-site parking lot totaling 10 spaces and dual-sided monument signage at the corner of Irving Park Road and Kimball Avenue featuring exposure and visibility to over 42,000 VPD. Additionally, the center is conveniently locatedless than one (1) mile from the Irving Park Blue Line CTA Station, the Irving Park Metra Station, and Interstate-90/94. Neighboring retailers include Jewel-Osco, Cermak Fresh Market, Tony’s Fresh Market, Target, Walgreens, CVS/Pharmacy, Home Depot, Dollar Tree, Family Dollar, Sally Beauty, Chase Bank, AutoZone Auto Parts, O’Reilly Auto Parts, Portillo’s, Chipotle, McDonald’s, Taco Bell, Dunkin and Burger King, among many others.
Property Details
- Class
- C
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 12,197 SF
Highlights
- In-Place NOI of $81,240, however, Seller is willing to master lease the vacancy for one (1) year at $25 PSF NNN which increases the NOI to $125,802
- Strong tenancy including T-Mobile and Jet's Pizza, both of which are on NNN leases
- Excellent location at Irving Park Road and Kimball Avenue featuring visibility and exposure to over 42,000 VPD
- Conveniently located less than one (1) mile from the Irving Park Blue Line CTA Station, the Irving Park Metra Station, and Interstate-90/94
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