4916-4926 Pulaski RdChicago, IL 60630

Property Details for 4916-4926 Pulaski Rd

Lot size

0.58 AC

Property size (Sq ft)

16,209 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Top Plaza, a 16,209 square foot, three-tenant retail center located at 4916-4926 N Pulaski Rd, Chicago, IL 60630, presents a compelling investment opportunity. This fee-simple property sits on a 0.58-acre lot and boasts a 7.78% cap rate with a strong NOI of $178,585. The property is 100% occupied, anchored by a Dollar Tree with a corporate guarantee and investment-grade credit rating (BBB/Baa2). Dollar Tree occupies 74% of the space and has a lease with over four years remaining, including renewal options. The remaining two tenants, a clothing store and a laundromat, also have leases with built-in rent increases and significant remaining terms. Built in 1989 and 2003, the single-story building benefits from excellent visibility and signage on N Pulaski Road in the Albany Park neighborhood. The location offers convenient access to major highways (Interstates 90 and 94 are within one mile) and public transportation. The strong demographics of the area, with over 49,500 people within a one-mile radius and an average household income exceeding $116,000, further enhance the investment potential. Nearby national retailers and restaurants drive significant traffic to the area. All leases include attractive rent bumps, providing a hedge against inflation and ensuring a stable income stream. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with a strong tenant mix and excellent location. The asking price is $2,295,000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9707

Longitude

-87.7281

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