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PNC Bank & Taco Bell Outparcel

$3,180,000

3340 West Roosevelt Road, Chicago, IL 60624

Active
Last Updated: 03/25/2025

7.5

Cap Rate

238,707

NOI

Details:
Cap Rate:    7.5%
NOI:    $238,707
Building Size:    5,333 sqft
Lot Area:    0.649 acres
Occupancy:    100%
Tenancy:    Multiple
Highlights:
  • 9 YEAR WALT | 100% OCCUPANCY WITH NET LEASES
  • PRIME CORNER LOCATION | EXCELLENT TRAFFIC COUNTS
  • INCREDIBLE ACCESS | DUAL DRIVE-THRU DESIGN
  • GROCERY ANCHORED SHOPPING CENTER | RECENT LEASING VELOCITY
  • DENSE CHICAGO TRADE AREA | 359K POPULATION WITHIN 3 MILES
Description:

The subject property is occupied by two national tenants, PNC Bank and Taco Bell, with a weighted average lease term of 9 years. Both tenants recently extended their leases for 10 years; PNC Bank in 2024 and Taco Bell in 2022. The net leases provide for minimal landlord maintenance and repair responsibility, suitable for a passive investor.

Map:
Documents:
Title
PNC__Taco_Bell_OM.pdf
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