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2 Building Investment Opportunity 2 Retail Properties in Chicago, IL


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