8300 Holland RdChicago, IL 60620

Property Details for 8300 Holland Rd

Year built

2005

Lot size

1.19 AC

Property type

Retail space

APN

20-33-405-010

APU

2033405010

Description

This exceptional 9,652 square foot, single-story retail center in Chicago, IL, presents a compelling investment opportunity. Boasting 100% occupancy with five tenants, including Potbelly, GameStop, and BMO Harris Bank, this property offers a strong, diversified tenant mix. The Net Lease (NNN) investment features a robust NOI of $307,227 and an 8.00% cap rate, supported by a weighted average lease term of 6 years. All five tenants have occupied the space for over 11 years and recently exercised lease extensions. Approximately 63% of the NOI is derived from corporate credit tenants, including BMO Harris Bank, a Moody's A2 Investment Grade Credit rated tenant. Situated on a 1.19-acre lot with 71 parking spaces, the property enjoys a prime location at the gateway to the 420,000 square foot Lowe's anchored Chatham Market shopping center, benefiting from high traffic counts on 83rd Street and Interstate 94. The property is zoned B2 and was built in 2008. This strategically located asset offers exceptional visibility and accessibility, serving a densely populated trade area with over 275,000 people and 100,000 households within a 3-mile radius. The asking price is $3,841,000, translating to $397.95 per square foot. Detailed lease options and rent bump information are available in the marketing package. The property is fee simple ownership of land and building.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7431

Longitude

-87.6326

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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