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Asking Price
NOI Net Operating Income
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Property Description

JLL is pleased to offer for sale two newly-constructed single-tenant retail properties leased to AT&T and Starbucks (the “Properties” or “Assets”). The Properties sit on the hard corner and signalized intersection of Halsted Street and 31st Street in Bridgeport, an iconic Chicago neighborhood located three miles from the Loop. AT&T and Starbucks are both operating on net lease structures with ten years of primary lease term, minimal landlord responsibilities, and ten percent rental escalations every five years. The delivery of the Starbucks & AT&T properties has been highly-anticipated for years, becoming the first locations in the Bridgeport neighborhood. With no other Starbucks or AT&T locations within a one-mile radius, the Properties have an unrivaled market share within a densely-populated residential community. This offering presents the opportunity to acquire two newly-constructed retail Properties leased to nationally recognized and industry-leading tenants with exceptional real estate fundamentals.


Link to Property Video

Investment Highlights

  • BRAND NEW CONSTRUCTION PROPERTIES TAILORED TOWARDS THE BRANDS’ RESPECTIVE NEW CONCEPT STRATEGIES
  • URBAN INFILL CHICAGO LOCATION
  • CLOSEST STARBUCKS DRIVE-THRU TO CHICAGO'S DOWNTOWN
  • INDUSTRY-LEADING NATIONAL TENANTS
  • STRATEGIC LOCATION WITH MINIMAL COMPETITION & DRIVE-THRU
  • IDEAL NET LEASE STRUCTURE W/ ATTRACTIVE INCREASES
Last Updated Date: 25 Feb 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 25 Feb 2021

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