3818 Damen Ave Chicago, IL 60618

This exceptional investment opportunity presents a portfolio of five free-standing, single-tenant retail properties totaling 26,439 square feet on a 0.4-acre lot in Chicago's Roscoe Village neighborhood. The properties, built between 1890 and 2010 with renovations completed between 2016 and 2018, comprise a 100% occupied, 127-bed sober living community with a new 10-year absolute NNN lease featuring 1.5% annual rent bumps and two 5-year options. The tenant, a well-established operator with over 20 years in business, has invested over $5,000,000 in capital improvements. The portfolio boasts a strong NOI of $807,548, resulting in a 7.76% cap rate and an asking price of $10,400,000. The properties are strategically located along prominent streets, offering convenient access to public transportation (including the Blue Line), major interstates (90 and 94), and numerous amenities. This is a fee-simple ownership opportunity with minimal landlord responsibilities, making it an attractive investment for passive investors seeking stable, long-term income growth. The portfolio includes five buildings, each four stories tall, offering a total of 70 bedrooms and 32 bathrooms. The properties are ideally situated for walkability and access to public transportation, enhancing their appeal and operational efficiency. This is a rare opportunity to acquire a high-performing, well-located portfolio with a strong tenant and significant upside potential.