FOR SALE | NNN RETAIL

3450 N SOUTHPORT AVENUE > $1,299,999

3450 N SOUTHPORT AVENUE

FOR SALE | NNN RETAIL

JAMESONCOMMERCIAL.COM

SALE OVERVIEW

SALE PRICE: $1,299,999

CAP RATE: 4.76% (Now) / 5.66% (2018)

CASH ON CASH: 5.23% (Now) / 6.13% (2018)

SIZE: 1,100 SF

ZONING: B3-2

MARKET: Lake View area of Chicago

CROSS STREETS: Southport Ave & Addison St.

AREA HIGHLIGHTS

• STRONG RETAIL CORRIDOR

• Densely Populated Mixed Use Area

• Near New Brown Line L Stop

AREA TENANTS

• Hanna Andersson

• Kendra Scott

• Bonobos

• Amazon

• Francesca's

• Splendid

• J Crew

• GAP / GAP Kids

• David's Tea

• Anthropologie

• Lululemon

• Paper Source

• Athleta

• Soul Cycle

• Lou & Grey

• Blue Mercury

• Starbuck's

• Free People

TRANSPORTATION HIGHLIGHTS

• Brown Line L Stop

• 14,000 VPD on Southport

PROPERTY DESCRIPTION

NNN Investment / Retail Condo located in heart ofSOUTHPORT RETAIL CORRIDOR in Lake View neighborhoodof Chicago leased to BENEFIT COSMETICS until March 2023.Current NOI is $62K annually, increasing to $68K in May of2018 . Great income generating investment on a vibrant retailcorridor surrounded by high household incomes. Locatednear Wrigley Field home of Chicago Cubs, currently goingthrough $500 million in renovations.

PROPERTY HIGHLIGHTS

• NOI $62K increasing to $68K in March 2018

• NNN Lease until 2023

• 2018 CAP RATE 5.23% and Cash on Cash 6.13%

• Strong Retail Corridor

• National Tenant

• Tenant Pays Tax & Operating

• Main on Main location

AREA RETAILERS3450 N SOUTHPORT AVENUELAKEVIEW, CHICAGO, IL 60657

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

AREA RETAILERS3450 N SOUTHPORT AVENUELAKEVIEW, CHICAGO, IL 60657

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

AERIAL & STREET DETAIL3450 N SOUTHPORT AVENUELAKEVIEW, CHICAGO, IL 60657

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

DEMOGRAPHICS MAP3450 N SOUTHPORT AVENUELAKEVIEW, CHICAGO, IL 60657

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

2010 STATISTICS 0.25 Miles 0.5 Miles 1 Mile

Total Population 5,394 21,613 78,576

Total Number of Households 2,399 9,566 36,133

Average Household Income $131,574 $135,218 $126,659

Median Age 29.2 29.4 30.3

DEMOGRAPHICS 0.25 Miles 0.5 Miles 1 Mile

TOTAL POPULATION 5,394 21,613 78,576

MEDIAN AGE 29.2 29.4 30.3

MEDIAN AGE (MALE) 30.2 30.4 31.0

MEDIAN AGE (FEMALE) 28.0 28.4 29.9

TOTAL HOUSEHOLDS 0.25 Miles 0.5 Miles 1 Mile

TOTAL HOUSEHOLDS 2,399 9,566 36,133

# OF PERSONS PER HH 2.2 2.3 2.2

AVERAGE HH INCOME $131,574 $135,218 $126,659

AVERAGE HOUSE VALUE $673,410 $670,026 $633,075

POPULATION 0.25 Miles 0.5 Miles 1 Mile

TOTAL POPULATION - White 5,020 19,761 69,286

TOTAL POPULATION - Black 38 201 2,067

TOTAL POPULATION - Hispanic 342 1,587 7,246

TOTAL POPULATION - Asian 187 875 3,536

TOTAL POPULATION - Hawaiian 1 5 5

TOTAL POPULATION - Indian 1 25 109

TOTAL POPULATION - Other 64 410 2,319

DEMOGRAPHICS REPORT3450 N SOUTHPORT AVENUELAKEVIEW, CHICAGO, IL 60657

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.