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CVS 4777 N Milwaukee Ave 10,880 SF Retail Building Chicago, IL 60630 For Sale
Investment Highlights
- Opportunity to purchase a we located north side asset with a CVS Pharmacy Ground Lease in place through January, 2026
- Located at the SEC of the signalized intersection at Lawrence Avenue and Milwaukee Avenue, featuring visibility and exposure to approximately 23,000 V
- In-place NOI of approximately $324,760
Executive Summary
10,880 SF freestanding building on a ground lease to CVS Pharmacy (dark) in Chicago's Portage Park neighborhood. Located on
Chicago's northwest side, the property finds itself at the southeast corner of the signalized intersection of Milwaukee Avenue and
Lawrence Avenue, two (2) blocks west of the Kennedy Expressway (I-90/I-94). The property is located 10-miles north of Chicago's
Central Business District and six (6) miles southeast of O'Hare International Airport. The investment grade Tenant, CVS Pharmacy,
has leased the property since December 2003 and has term through January 2026. The property produces a NOI of approximately
$324,760 and features a freestanding building with drive-thru access, 38-surface level parking spaces, and pylon signage at the
signalized intersection with visibility and exposure to ~23,000 VPD. The site is well located near the Jefferson Park Metra Station
(.25 miles north) and the Kennedy Expressway, and is part of Portage Park's primary commercial corridor surrounded by retailers,
service oriented businesses, and the Copernicus Center, which hosts local events throughout the year. Neighboring retailers include
Jewel Osco, Target, Mariano's. Marshalls, Walgreen's, Ross Dress For Less, PetSmart, Starbucks, Dollar Tree, North Shore
Immediate Care, Chipotle, McDonald's, Popeye's among several others.
Chicago's northwest side, the property finds itself at the southeast corner of the signalized intersection of Milwaukee Avenue and
Lawrence Avenue, two (2) blocks west of the Kennedy Expressway (I-90/I-94). The property is located 10-miles north of Chicago's
Central Business District and six (6) miles southeast of O'Hare International Airport. The investment grade Tenant, CVS Pharmacy,
has leased the property since December 2003 and has term through January 2026. The property produces a NOI of approximately
$324,760 and features a freestanding building with drive-thru access, 38-surface level parking spaces, and pylon signage at the
signalized intersection with visibility and exposure to ~23,000 VPD. The site is well located near the Jefferson Park Metra Station
(.25 miles north) and the Kennedy Expressway, and is part of Portage Park's primary commercial corridor surrounded by retailers,
service oriented businesses, and the Copernicus Center, which hosts local events throughout the year. Neighboring retailers include
Jewel Osco, Target, Mariano's. Marshalls, Walgreen's, Ross Dress For Less, PetSmart, Starbucks, Dollar Tree, North Shore
Immediate Care, Chipotle, McDonald's, Popeye's among several others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,880 SF
Building Class
B
Year Built
2003
NOI
$450,101 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.75 AC
Parking
38 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
Exceptionally walkable
100/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $45,127 CAD | |
| Land Assessment | $374,480 CAD | Total Assessment | $419,607 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$374,480 CAD
Improvements Assessment
$45,127 CAD
Total Assessment
$419,607 CAD
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Andrew Slovis -
Frontline Real Estate Partners
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CVS | 4777 N Milwaukee Ave
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