8307 S Dr Martin L King Jr Dr
Chicago, IL
Price:
$1389000
Cap Rate:
6.00%
NOI:
$83,328
Building Size:
Approx. 1950 Sq. Ft.
Lot Size:
Approx. 0.43 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
1982
Investment Overview
- 1,950+/- SF Building on .43+/- Acre Site
- 15-Yr NNN lease w/ 10% Rent Bumps Every 5-Yrs
- Located along E 83rd St (18K VPD), just E of I-94 (247K VPD)
- Near Citgo, Subway, Shell, True Value, Family Dollar, Target
- Local Attractions: Navy Pier, Millennium Park, Lincoln Park Zoo
- 3-Miles Estimated Pop: 326,103 | 2-Mile Avg. HH Income: $46,498
- Chicagoland (MSA) | 3rd Largest MSA in the U.S | Pop: 9,461,105