Overview

Description

SVN Chicago Commercial is pleased to offer 6699 N. Lincoln Avenue in Lincolnwood, IL FOR SALE. The subject property is an approximately 4,646 SF multi-tenant strip center that is 100% leased. The subject building was completely modernized in 2020 including new storefronts, windows, HVAC, ADA bathrooms, lighting, and electric. It has a 19-car surface parking lot with a cross-access agreement with the adjacent property. Tenants also take advantage of a large grandfathered pylon sign. The strip center has a mix of Restaurant, Medical, and Office tenants. All leases are Net leases with annual escalations. The current Net Operating Income (NOI) is $112,483. 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). Lincoln Avenue, a major North-South thoroughfare sees 29,641 VPD and provides great exposure to the site. The property is zoned B1 (Business / Residential Transition Area) in the Village of Lincolnwood and can be purchased with the adjacent property at 6677 N. Lincoln. 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 12,590 residents with tree-lined 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

• Multi-Tenant Strip Center
• 4,646 SF Single-Story Masonry Building with Pristine Bow-Truss Ceilings
• 100% Leased
• All Leases Are Net Leases
• Mix of Restaurant, Medical, and Office Tenants
• Current NOI - $112,483
• 19 Car Surface Lot (4.09/1,000 SF)
• Cross-Access Agreement with Adjacent Property
• Large Grandfathered Pylon Sign
• Completely Modernized Building in 2020 Including New Storefronts, Windows, HVAC, ADA Bathrooms, Lighting, and Electric
• Building Demises to Easy Leasable Spaces for Future Use
• Excellent Traffic Counts – 29,641 VPD on Lincoln
• Can Also be Purchased with the Adjacent Office Building at 6677 N. Lincoln

Documents

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