Overview

Description

SVN Chicago Commercial is pleased to offer 3350-70 W. Devon in Lincolnwood, IL FOR SALE. The subject property is an approximately 11,600 SF multi-tenant strip center that is 100% leased. All leases have recently been converted to Net leases and have significant annual escalations. It has a 28-car surface parking lot and the potential for a monument sign. For future leasing, the building demises down to 1,000 SF spaces. The current Net Operating Income (NOI) is $143,815. Located in the first Suburb north of Chicago, Lincolnwood offers incredible ease of access from the north or downtown via the Edens Expressway (I-94). Devon Avenue, a major East-West thoroughfare sees 23,700 vpd and provides great exposure to the site. Additionally, nearby Lincoln Avenue sees 28,100 vpd and McCormick Blvd. 25,400 vpd. The subject is located in a very strong Retail corridor and sits directly across from The Home Depot. The property is zoned B2 in the Village of Lincolnwood. Please call the advisor for further details.

The Village of Lincolnwood is located approximately 10 miles north of downtown Chicago and serves as the gateway to Chicagoland’s North Shore. It is an affluent and diverse community of 13,463 residents with quaint streets, beautiful neighborhoods and parks, an excellent school system, and a prosperous business community. Strategically located along the Edens Expressway (I-94), Lincolnwood has all the advantages of other thriving suburban communities while also being near Chicago. The Village boasts great markets, a skilled labor pool, a large day-time population, and responsive and efficient local government.

Highlights

• 3350-70 W. Devon - FOR SALE
• Multi-Tenant Strip Center
• 11,600 SF Building
• 100% Leased
• All Leases Converted to Net Leases
• Significant Annual Escalations
• Current NOI - $143,815
• 28 Car Surface Lot (2.4/1,000)
• Monument Sign Potential
• Building Demises to Leasable 1,000 SF Spaces For Future Use
• Excellent Traffic Counts - 23,700 vpd on Devon, 28,100 vpd on Lincoln, 25,400 vpd on McCormick
• Strong Retail Trade Area
• Directly Across From Home Depot

Documents

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