8721 Stony Island Ave Chicago, IL 60617

This exceptional Chicago retail investment presents a compelling value-add opportunity anchored by a high-volume DaVita Dialysis clinic and a Dunkin' location. The property comprises two buildings totaling 29,332 square feet on a 1.72-acre lot with 55 parking spaces. The DaVita clinic, operating six days a week, benefits from a Certificate of Need state designation, ensuring consistent demand. Its double net lease features 4.5 years remaining with 2.75% annual rent increases, including option periods. The Dunkin' location, operating since 2004, occupies a separate parcel under a corporate NNN ground lease with 15 years remaining and scheduled 12.5% rent increases every five years, including options. Dunkin' recently exercised three five-year options, demonstrating strong commitment. The property boasts high visibility on South Stony Island Avenue (33,700 vehicles daily) and proximity to a major intersection (48,500 vehicles daily). Its strategic location near two major hospitals and a densely populated area with a strong workforce further enhances its appeal. Significant value-add potential exists through leasing 16,128 square feet of vacant space. The property features a 2013 renovation, a drive-thru, and offers lease options. Built in 1971, this multi-tenant retail center offers a 5.95% cap rate and a pro-forma cap rate of 12.08%, with a current NOI of $333,079 and a pro-forma NOI of $676,465. The asking price is $5,600,647 ($190.94/sq ft). The property's APN is 25-01-102-024 | 25-01-102-02325-01-102-022.