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10601 S Western Ave 4,400 SF Retail Building Chicago, IL 60643 $3,025,956 CAD ($687.72 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Single-Tenant NNN Investment guaranteed by Smile Partners Dentistry USA (National DSO) with 11 years of lease term remaining
- Healthcare / Dental Tenancy – recession-resistant, service-oriented use with strong location dependency
- Established Chicago Infill Location along the high-traffic Western Avenue corridor
- True Triple-Net Lease – tenant responsible for taxes, insurance, and maintenance
- Established Chicago Infill Location along the high-traffic Western Avenue corridor
- Excellent Visibility & Access with strong daily traffic exposure
Executive Summary
Offered for sale is a stabilized, single-tenant NNN investment occupied by Perfect Smiles Dentistry and corporately guaranteed by Smile Partners USA, a national dental services organization.
The property features a true triple-net lease with approximately 11 years of remaining term, delivering long-term, passive income with minimal landlord responsibilities. Dental tenancy provides recession-resistant demand, high patient retention, and strong location dependency supported by significant build-out investment and an established patient base.
Located in a dense Chicago infill trade area with excellent visibility and access, the site is surrounded by established residential neighborhoods and complementary medical and retail uses—supporting consistent traffic and long-term tenancy.
An ideal opportunity for 1031 exchange buyers and investors seeking durable, healthcare-backed income.
The property features a true triple-net lease with approximately 11 years of remaining term, delivering long-term, passive income with minimal landlord responsibilities. Dental tenancy provides recession-resistant demand, high patient retention, and strong location dependency supported by significant build-out investment and an established patient base.
Located in a dense Chicago infill trade area with excellent visibility and access, the site is surrounded by established residential neighborhoods and complementary medical and retail uses—supporting consistent traffic and long-term tenancy.
An ideal opportunity for 1031 exchange buyers and investors seeking durable, healthcare-backed income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
B
Year Built
1979
Price
$3,025,956 CAD
Price Per SF
$687.72 CAD
Cap Rate
6.75%
NOI
$204,252 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.13 AC
Zoning
B4-1, Chicago
Parking
6 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
120’ on Western Ave
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-18-122-001-0000 | Total Assessment | $55,584 CAD |
| Land Assessment | $27,197 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $28,387 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
25-18-122-001-0000
Land Assessment
$27,197 CAD
Improvements Assessment
$28,387 CAD
Total Assessment
$55,584 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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10601 S Western Ave
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