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Investment Highlights

  • Two-property, fully leased Chicago retail portfolio
  • Long-term NNN leases with minimal landlord responsibility
  • Strong surrounding retail anchors and dense residential demographics
  • 100% occupied by national tenants (Dollar General & Advance Auto Parts)
  • Located on high-traffic corridors (Ashland Ave & Montrose Ave)

Executive Summary

This offering represents a two-property, fully leased retail portfolio located in established Chicago neighborhoods, delivering stable in-place income backed by national credit tenants. The portfolio includes 9244 S. Ashland Avenue (Washington Heights/Beverly area) and a freestanding retail asset along West Montrose Avenue in Albany Park. Both properties are secured under long-term triple net (NNN) leases, minimizing landlord responsibilities while providing consistent, predictable cash flow.
The Ashland Avenue property is a freestanding retail building situated on a 0.62-acre parcel along a heavily trafficked commercial corridor. The asset is leased to Dollar General under a recently renewed lease term extending through January 2032, with additional renewal options. The property benefits from strong visibility and consumer traffic, positioned within a retail trade area anchored by national brands including Jewel-Osco, Walgreens, and Burger King.
The Albany Park asset is a 0.43-acre freestanding retail property leased to Advance Auto Parts under a long-term NNN lease through February 2031, also featuring extension options. Located along West Montrose Avenue, a prominent arterial on Chicago’s Northwest Side, the site is supported by dense surrounding residential population and a well-established neighborhood retail corridor, with access to CTA transit (Brown Line and bus routes) and major expressways.

Property Facts

Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 16,026 SF
Total Land Area 1.05 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
9244 S Ashland Ave, Chicago, IL 60620 Retail 9,026 SF 2011 -
3450 W Montrose Ave, Chicago, IL 60618 Retail 7,000 SF 2005 -
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  • Listing ID: 40896314

  • Date on Market: 2026-06-12

  • Last Updated:

  • Address: 2 Building Investment Opportunity, Chicago, IL

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