Friday, January 21, 2011

Chase Bank single tenant NNN for sale in Chicago suburb

I rarely post investment deals outside of California these days but this one looks very attractive. Lincoln Park is one of the most expensive suburbs outside of Chicago. Home prices average $1M+ and household income in the area is over $139,000. Chase is one of the winners in the banking world and this corner location on the main thoroughfare is a great location. Cap rate is 7.03%, $2,125,000 price with $149,336 net operating income. This is a sold 1031 exchange option or straight investment purchase. Call me for details on this quite popular investment opportunity.


Anonymous said...

Sorry dude. Lincoln Park is very much part of the city of Chicago. Like, the beating ossified heart of Chicago.

Mario Pinedo, CCIM said...

I stand corrected!

Wikipedia link below with very interesting details on land grants, cultural influences and riots in the late 1960s.,_Chicago