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505 N McClurg Ct
Chicago, IL 60611

Subway & West Loop Veterinary Care · Retail Property For Sale

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Investment Highlights

Core, Urban Infill Location in Streeterville
West Loop Veterinary Care Corporate Guarantee
Amazon-Proof Tenants

Excellent Tenant Diversification
New 10-Year Lease with Annual Rent Escalations
Unmatched Downtown Chicago Demographics

Executive Summary

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the West Loop Veterinary Care Streeterville & Subway located in Chicago, IL (“the Property”). The Property consists of 4,482-square-feet of retail space located on the first floor of a residential condominium building. The Property is 100% occupied by Subway and West Loop Veterinary Care Streeterville, who are operating under passive net leases with landlord responsibilities limited to the building’s structure and capital improvements. Each lease also includes significant rental escalations offering investors a built-in hedge against inflation. See lease abstract for full details.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Building Size

4,482 SF

Year Built

2009

Price

£3,022,976

Price Per SF

£674

Net Initial Yield

7.25%

NOI

£219,247

Percent Leased

100%

Number of Floors

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