5518 Chicago Ave Chicago, IL 60651

This exceptional investment opportunity presents a 11,650-square-foot single-tenant retail building in Chicago, IL, at 5518 W Chicago Ave, 60651. The property, built in 1974, is a free-standing structure situated on a 0.13-acre lot. Currently 100% occupied by Dollar General under a net lease with a corporate guarantee, the lease commenced August 1, 2015, and expires July 31, 2025, leaving approximately 0.7 years remaining. The lease includes four 5-year options with a 10% rental increase every five years, providing a strong hedge against inflation. The property boasts a significant Net Operating Income (NOI) of $107,565 and a compelling 15.40% cap rate. This prime location benefits from high visibility on Chicago Avenue, a major east-west retail thoroughfare with over 8,836 vehicles per day (VPD), further enhanced by proximity to a lighted intersection with an additional 16,373 VPD. The area is densely populated, with over 162,486 residents within a 2-mile radius and an average household income of $87,200. The property's success is further supported by the presence of numerous national tenants nearby, including McDonald's, Subway, Dunkin', Walmart, Menards, Ace Hardware, and Planet Fitness. This value-add investment offers minimal landlord responsibilities and significant upside potential. Asking price is $700,000.