Amazon @ DePaul University

1001-1005 West Webster Avenue, Chicago, IL

$2,058,000

Price

4.75%

Cap Rate

$97,740

NOI

Overview
Cap Rate
4.75%
NOI
$97,740
Building Size
2,800 sqft
Year Built
2010
Tenancy
Single
Lease Expire Year
9/30/2027
Description

Single-Tenant Amazon (NASDAQ: AMZN; S&P: AA-):
-Executed 10-year lease in 2017
-10% increases every 5 years (next increase October 2022)
-Largest company by revenue in the world with $280.5 billion in revenue in 2019

Critical Amazon Hub Locker Location:
-Amazon Hub Lockers are a secure, self-service kiosk that allow pick up or returns any time without worrying about doorstep package theft
-Amazon started to grow their locker plan strategy in 2011
-Amazon currently has locker locations in over 900 cities and 3,000 locations
-Planning to double their locker program over the next year

2010 Construction; No Deferred Maintenance: The offering consists of lower level retail condo space within a 4-story mixed-use building
Strategically Located Directly Across the Street from DePaul University: 24,000 Students

Convenient to Public Transportation; ΒΌ Mile from Property: CTA Red line Fullerton station (4.1 million annual riders) and Brown/Purple line Armitage station (1.3 million annual riders)

Dense Affluent Lincoln Park Chicago Location: There are 1,000,000 residents within a 5-mile radius; $163,000 AHHI within a 1-mile radius; Lincoln Park is one of the densest and most affluent neighborhoods in the country

High Profile Intersection; 2 Miles from Wrigley Field along Sheffield Avenue

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery