4183 W Irving Park Rd
Chicago, IL 60641
Retail Property For Sale

Property Address: 4185 West Irving Park Road, Chicago, IL
Property Size: 12,804 SF
Occupancy: 100%
Year Built: 2016
Parking Spaces: 29
WALT: 6 Years
Year 1 NOI: +/- $440,000
5-Year CAGR: +/- 2.3%
Investment Highlights
Premier infill location with exceptional accessibility, visibility, & demographics
o Positioned along Irving Park Road (30,000+ VPD) with immediate access to and prominent signage to daily commuter traffic on I-90 (245,000+ VPD)
o Adjacent to Old Irving Metra Station, providing connectivity to Downtown Chicago & O’Hare
o Average household income of $125k in 1-mile, increasing to $145k in half-mile radius
Stabilized cash flow with demonstrated leasing momentum
o 100% occupied strip center with 6-year WALT
o Recently executed long-term lease with Big City Optical
o National and regional operators include Potbelly & Lou Malnati's, providing brand recognition and tenant credit strength
Ideal tenant mix anchored by national healthcare operator
o LifeStance Health, one of the largest outpatient mental healthcare providers in the US, is responsible for 42.5% of GLA and +/- 35% of income
o Complementary mix of medical, food, and neighborhood service tenants creates internal synergy and consistent foot traffic