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Verizon

$2,180,000

6340 North Northwest Highway, Chicago, IL 60631

Pending
Last Updated: 01/31/2025

6

Cap Rate

130,983

NOI

Details:
Cap Rate:    6%
NOI:    $130,983
Building Size:    2,540 sqft
Lot Area:    0.15 sqft
Occupancy:    100%
Tenancy:    Single
Lease Expire Year:    10/31/2024
Highlights:
  • 10-YEAR NET LEASE | LARGEST VERIZON FRANCHISEE IN THE NATION
  • RECENT LONG TERM LEASE EXTENSION WITH RENT INCREASES
  • DESIREABLE CO TENANCY | SHADOW STARBUCKS
  • TOP RANKED LOCATION – PLACER.AI
  • PRIME RETAIL CORNER | HIGH TRAFFIC INTERSECTION
  • AFFLUENT NORTH CHICAGO DEMOGRAPHICS
Description:

The Verizon has 10 years of lease term remaining and minimal landlord responsibilities. The guarantor of the lease, Cellular Sales of Knoxville, LLC), is the nation’s largest franchisee of Verizon stores. Cellular Sales of Knoxville has nearly 800 locations across 41 states.

Map:
Documents:
Title
Verizon_-_Chicago__IL_OM.pdf
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