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J'accepte l'accord de confidentialité J'accepte l'accord de confidentialité
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Caractéristiques

Année de construction 2017
Type d'occupation Pleine propriété
Taille de la propriété
Taille du terrain ()

Description de la propriété

JLL is pleased to offer for sale the fee-simple interest in a mixed-use, retail and apartment rental occupied asset (the “Property”, or “Asset”) in Chicago’s affluent Lincoln Park neighborhood. The Property features retail tenancy from Clare V., an expanding boutique women’s accessories and apparel retailer with a strong e-commerce presence complemented by it’s brick-and-mortar locations. Clare V. accounts for roughly 68% of the NOI, features 2.5% annual rental escalations, and has six years remaining on an ownership-friendly net lease structure. In addition, the Property features a one-bedroom and three-bedroom apartment in a low-vacancy rental market that caters to a dense surrounding millennial population.

The recently renovated Property sits within the dynamic Lincoln Park neighborhood, an affluent northside community centered around the renowned Armitage retail corridor. This offering presents the opportunity to acquire a mixed-use property in an urban Chicago location with outstanding real estate fundamentals and attractive retail tenancy.

Informations clés concernant l'investissement

§Highly coveted location in the heart of Lincoln Park, one of Chicago’s most prestigious neighborhoods.

§Transit-oriented location adjacent to the high-volume Armitage train station, seeing over 1.2 million riders annually and provides ample foot-traffic outside of the ground floor retail unit.

§The Armitage retail corridor is one of the most renowned in Chicago, with trendy brands like Clare V., Allbirds, Bonobos, and more that mesh their e-commerce presence with highly visible brick & mortar locations.

§Clare V., the ground floor retail tenant, features six years of remaining term on a landlord-friendly net lease structure with high-yield 2.5% annual escalations.

§Two recently renovated apartment units comprising of a 1-Bed/1Bath and a 3-Bed/2-Bath in a low-vacancy, millennial-oriented rental market.

§High-watermark demographics in the densely filled surrounding neighborhood, where the Average Household Income tops $200,000.

§Nearby DePaul University creates demand-drivers for both the millennial-oriented retail tenant and the two apartment units.

§Immediate proximity to the Armitage train station makes the Property an ideal location within an apartment rental market filled with millennial employees commuting to the Chicago CBD.


Last Updated Date: 02 Nov 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
Détenteur d'une licence en
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
Détenteur d'une licence en
475.189621

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

Pour plus d'informations sur la manière dont JLL traite vos données personnelles, veuillez consulter notre déclaration de confidentialité.

Last Updated Date: 02 Nov 2020

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