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CVS 4777 N Milwaukee Ave
10,880 SF Retail Building Chicago, IL 60630 £3,137,640 (£288/SF) 8.10% Net Initial Yield
Investment Highlights
- Opportunity to purchase a we located north side asset with a CVS Pharmacy Ground Lease in place through January, 2026
- Located at the SEC of the signalized intersection at Lawrence Avenue and Milwaukee Avenue, featuring visibility and exposure to approximately 23,000 V
- In-place NOI of approximately $324,760
Executive Summary
Chicago's northwest side, the property finds itself at the southeast corner of the signalized intersection of Milwaukee Avenue and
Lawrence Avenue, two (2) blocks west of the Kennedy Expressway (I-90/I-94). The property is located 10-miles north of Chicago's
Central Business District and six (6) miles southeast of O'Hare International Airport. The investment grade Tenant, CVS Pharmacy,
has leased the property since December 2003 and has term through January 2026. The property produces a NOI of approximately
$324,760 and features a freestanding building with drive-thru access, 38-surface level parking spaces, and pylon signage at the
signalized intersection with visibility and exposure to ~23,000 VPD. The site is well located near the Jefferson Park Metra Station
(.25 miles north) and the Kennedy Expressway, and is part of Portage Park's primary commercial corridor surrounded by retailers,
service oriented businesses, and the Copernicus Center, which hosts local events throughout the year. Neighboring retailers include
Jewel Osco, Target, Mariano's. Marshalls, Walgreen's, Ross Dress For Less, PetSmart, Starbucks, Dollar Tree, North Shore
Immediate Care, Chipotle, McDonald's, Popeye's among several others.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
10,880 SF freestanding building with drive-thru for lease at the SE corner of the signalized intersection at Lawrence Avenue & Milwaukee Avenue on Chicago's northwest side. Located within Chicago's Portage Park neighborhood, the former CVS Pharmacy provides an opportunity to lease a freestanding building featuring a spacious interior, 18-foot ceiling heights, pylon signage at the signalized intersection (~23,000 VPD), and a 38 space parking lot. The building is conveniently located approximately two (2) blocks west of the Kennedy Expressway (I-90/I-94) and within Portage Park's primary commercial corridor, surrounded by a variety of retail, service oriented businesses, and directly across the street from Copernicus Center, which host local events throughout the year. Additionally, the building is located just blocks from the Jefferson Park Metra Station, which provides direct access to downtown Chicago and O'Hare International Airport. Neighboring retailers include Jewel Osco, Target, Mariano's. Marshalls, Ross Dress For less, PetSmart, Starbucks, Dollar Tree, North Shore Immediate Care, Chipotle, McDonald's, Popeye's among several others.
| Space | Size | Space Use | Position | Available |
| 4777 | 10,880 SF | Retail | End Cap | 30 Days |
4777
| Size |
| 10,880 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
4777
| Size | 10,880 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
10,880 SF freestanding building with drive-thru for lease at the SE corner of the signalized intersection at Lawrence Avenue & Milwaukee Avenue on Chicago's northwest side. Located within Chicago's Portage Park neighborhood, the former CVS Pharmacy provides an opportunity to lease a freestanding building featuring a spacious interior, 18-foot ceiling heights, pylon signage at the signalized intersection (~23,000 VPD), and a 38 space parking lot. The building is conveniently located approximately two (2) blocks west of the Kennedy Expressway (I-90/I-94) and within Portage Park's primary commercial corridor, surrounded by a variety of retail, service oriented businesses, and directly across the street from Copernicus Center, which host local events throughout the year. Additionally, the building is located just blocks from the Jefferson Park Metra Station, which provides direct access to downtown Chicago and O'Hare International Airport. Neighboring retailers include Jewel Osco, Target, Mariano's. Marshalls, Ross Dress For less, PetSmart, Starbucks, Dollar Tree, North Shore Immediate Care, Chipotle, McDonald's, Popeye's among several others.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £48,040 | |
| Land Assessment | £213,171 | Total Assessment | £261,212 |
PROPERTY TAXES
-
Power Broker Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
CVS | 4777 N Milwaukee Ave
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