8444 Pulaski RdChicago, IL 60652

Property Details for 8444 Pulaski Rd

Year built

1964

Lot size

1.20 AC

Property size (Sq ft)

17,600 SF

Property type

Retail space

APN

19-34-415-028

APU

1934415028

Description

This exceptional retail investment opportunity presents a fee-simple owned, 17,600 square foot convenience store in Chicago, IL. Located at 8444 South Pulaski Road, this single-story building boasts a strong investment-grade tenant (CVS, S&P: BBB) with an absolute NNN lease expiring January 31, 2032. The property features a substantial 1.2-acre parcel with ample parking (84 spaces) and excellent visibility on Pulaski Road (approx. 26,400 vehicles per day). The lease includes ten 5-year renewal options, providing long-term stability. The property benefits from a high population density (approx. 208,717 within a 5-mile radius) and proximity to public transportation (9 stations within 5 miles). The Chicago MSA, with a population exceeding 8.9 million, and its attraction to major corporations, further enhances the investment potential. This property offers a compelling combination of strong tenancy, long-term lease, and a prime location within a thriving market, making it an ideal addition to any portfolio. The asking price is $2,513,540, representing a 10% cap rate and a land value of $143 per square foot. The property's NOI is $251,352. The property is approximately 4.2 miles from Chicago Midway International Airport. Nearby amenities include schools and a shopping center.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7396

Longitude

-87.722

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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