For Sale

MedMar | Wrigleyville – Chicago, IL

Asking Price: $2,200,000 | Cap Rate: 6.85%

  • Net Operating Income: $150,480
  • Weighted Avg. Lease Term (WALT): 2.6 Years
  • Lease Type: Net

Property Highlights

  • Leased to MedMar Chicago on a net-lease; minimal landlord responsibilities
  • Strong hedge against inflation; 2% annual rental increases
  • Favorable B3-2 zoning, allowing for apartments above the ground floor
  • Ability to convert building to mixed-use with apartments once lease term ends