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FAITS SAILLANTS DE L'INVESTISSEMENT
- Located in the vibrant Bucktown neighborhood
- High visibility along the I-90/Kennedy Expressway (315,000 vehicles per day)
- Surrounded by national retailers and strong demographics
- Convenient walking distance to the Clybourn Metra Station
- Fully leased portfolio with investment-grade tenants
- 900 parking spaces including structured garage
RÉSUMÉ DE L'ANNONCE
The Boulder Group is pleased to exclusively market one of the highest-profile and successful retail properties in Chicago. Kohl’s, Best Buy and BMO have anchored this center for over 20 years.
The long-term stability of this meticulously maintained property is attributed to its extraordinary location, high visibility, easy access, ample parking (4.75:1) and strong demographics. The property is located two miles north of downtown Chicago on the Kennedy Expressway (I-90) at Armitage Avenue between the affluent communities of Lincoln Park (60614) on the east and Bucktown (60622/60647) on the west. The property is immediately adjacent to the Armitage Avenue exit ramps, enjoys exceptional visibility and easy access from the Kennedy Expressway. Over 200 million vehicles drive by this location each year. These unique attributes ensure this property will always be in high demand and continuously occupied.
This 100% leased property consists of Kohl’s, Best Buy, BMO (triple net ground leases with corporate guarantees) and Chicago Speech Therapy. Kohl’s ground lease consists of an approximately 128,000 sf building and expires in 2030. Best Buy’s ground lease consists of an approximately 45,000 sf building and recently exercised the first option of their ground lease expiring in 2030 with no landlord concessions. The BMO ground lease consists of a 4,750-sf building and recently signed a new, 10-year ground lease expiring in 2036. Chicago Speech Therapy recently signed a new 10-year lease for the 8,500-sf building previously occupied for 10 years by Bubbles Academy with rent expected to commence April 2026.
The long-term stability of this meticulously maintained property is attributed to its extraordinary location, high visibility, easy access, ample parking (4.75:1) and strong demographics. The property is located two miles north of downtown Chicago on the Kennedy Expressway (I-90) at Armitage Avenue between the affluent communities of Lincoln Park (60614) on the east and Bucktown (60622/60647) on the west. The property is immediately adjacent to the Armitage Avenue exit ramps, enjoys exceptional visibility and easy access from the Kennedy Expressway. Over 200 million vehicles drive by this location each year. These unique attributes ensure this property will always be in high demand and continuously occupied.
This 100% leased property consists of Kohl’s, Best Buy, BMO (triple net ground leases with corporate guarantees) and Chicago Speech Therapy. Kohl’s ground lease consists of an approximately 128,000 sf building and expires in 2030. Best Buy’s ground lease consists of an approximately 45,000 sf building and recently exercised the first option of their ground lease expiring in 2030 with no landlord concessions. The BMO ground lease consists of a 4,750-sf building and recently signed a new, 10-year ground lease expiring in 2036. Chicago Speech Therapy recently signed a new 10-year lease for the 8,500-sf building previously occupied for 10 years by Bubbles Academy with rent expected to commence April 2026.
FAITS SUR LA PROPRIÉTÉ
| Prix | 101 142 624 $ CAD | Nombre de propriétés | 4 |
| Prix/pi² | 534,57 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 189 204 pi² |
| Statut | Actif | Superficie totale du terrain | 4,02 AC |
| Prix | 101 142 624 $ CAD |
| Prix/pi² | 534,57 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 189 204 pi² |
| Superficie totale du terrain | 4,02 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
|
Kohl's
2140 N Elston Ave, Chicago, IL 60614 |
Commerce de détail | 128 234 pi² | 2005 | - |
|
Best Buy
2100 N Elston Ave, Chicago, IL 60614 |
Commerce de détail | 47 720 pi² | 2008 | - |
|
Chicago Speech Therapy
2184 N Elston Ave, Chicago, IL 60614 |
Commerce de détail | 8 500 pi² | 2006 | - |
|
BMO Harris Bank
2196 N Elston Ave, Chicago, IL 60614 |
Commerce de détail | 4 750 pi² | 2009 | - |
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Présenté par
Elston Retail Collection
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