Chicago Retail for Sale - Northwest City
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.
