Exchange, Great Lakes - Big Rivers Region

Property Description

Exchange canditate prime for 1031 Exchange

•  Annual increases of about 3%

•  True NNN

•  Ideal 1031 Exchange Property

•  6.28 % CAP

•  Strong NNN Credit Tenants

Ground floor retail commercial condo anchored by Starbucks, with a corporate leased Subway, a local physician who invested in their own tenant improvements, and an ATM from First American Bank. 2008 NOI will be $117,657 with annual increases of about 3%. Area Retailers-Jewel, Office Depot, Boston Market. Located on a fantastic lighted hard corner surrounded by high-end residential in the Lakeview neighborhood of Chicago which is growing in retail use and high-end new residential construction. Not a fee simple commercial condo, this is part of the adjoining condominium association.

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