For Sale
$2,999,999

6310 Cermak Rd Berwyn, IL 60402

High-yield multi-tenant retail building

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Berwyn, IL, presents a stabilized retail property at 6310-12 W Cermak Road. This 9,000 square foot building boasts 100% occupancy with four tenants, including three storefronts and a ghost kitchen. The property enjoys a strong 7.82% cap rate, generating a net operating income (NOI) of $234,528. All tenants are under a modified lease with four years remaining, commencing August 1, 2023, and expiring August 31, 2028. Each lease includes a 5% annual rent escalation, providing consistent income growth. Furthermore, there's an option to extend the lease for an additional five years. Located in a high-traffic area with over 35,000 vehicles passing daily, this property offers significant potential for long-term returns. The asking price is $2,999,999. This prime retail investment property is situated in Cook County, Illinois, within the Chicago MSA, and offers a compelling opportunity for investors seeking a stable, high-yielding asset with significant upside potential. The property's multi-tenant structure mitigates risk, while the built-in rent escalations ensure consistent income growth. The strategic location and high traffic volume further enhance the property's value and appeal.

Property Details for 6310 Cermak Rd

Property type
Retail properties, Restaurants
Square Feet
9,000 SF

Location Insight

City
Berwyn
County
Cook
State
Illinois
Latitude
41.8511245
Longitude
-87.7816559

FAQs

What type of property is this?
Retail property - High-yield multi-tenant retail building
Where is the retail property located?
The property is located at 6310 Cermak Rd Berwyn, IL.
What is the asking price?
The asking price for this property is $2,999,999.
How can I contact the broker?
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6310 Cermak Rd
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