Portfolio sale of four (4) contiguous retail properties on Clark Street in Chicago’s Andersonville neighborhood
Located in the heart of Andersonville’s prime retail corridor
Strong mix of well established national and local tenants
Extremely tight retail submarket with minimal vacancy and high barriers to entry
Opportunity to control a large contiguous portion of Clark Street in a rarely available singular transaction
In place rents compare favorably to recent neighborhood lease deals, suggesting room to boost income over time
Well maintained buildings with minimal deferred maintenance needed
Significant recent tenant investment in interior improvements (Starbucks, Jeni’s, Lonesome Rose)
Affluent retail trade area with strong neighborhood demographics