Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2021
Building Area Net
Land Area Net ()
Occupancy 95.0 %

Property description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), has been exclusively retained to offer the opportunity to acquire the fee-simple interest of 1111 W. Addison Street (the “Property” or the “Asset”), a freestanding four-story building located across from the world-famous Wrigley Field in Chicago, IL. The newly constructed Asset was delivered in 2021 and is 95% occupied by four market leading tenants. Movement Gym anchors the premise, occupying three story’s and 43,463 square feet of space while the ground floor is occupied by Chase Bank, Taco Bell, and Culvers. Each tenant is subject to recently executed brand new leases with contractual rent increases and multiple option periods. Each tenant shall be responsible for its proportionate share of tax, common areas, and utility expenses.

The Property offers a generational real estate investment opportunity across the street from the marquee main entrance to Wrigley Field, home of the Chicago Cubs. Wrigley Field is home to bustling crowds totaling over 4.0 million visitors annually, bolstering the lively surrounding neighborhood which attracts crowds year-round. The trophy infill real estate quality coupled with stable long-term lease structures provides a prospective investor with a once- in-a-generation net lease retail investment opportunity in the most sought-after location in Chicago.


BROKER OF RECORD: ALEX SHARRIN LICENSE #: IL - 475170243

Investment highlights

1111 W ADDISON HIGHLIGHTS


TROPHY LOCATION 

  • Directly across the street from the iconic Wrigley Field
  • Exceptional redeveloped assets surrounding the stadium
  • Over 4 million visitors annually
  • Direct access to the CTA rail system

NEWLY CONSTRUCTED ASSET

  • Delivered in 2021 and occupied by four market leading tenants with over 13 years of lease term remaining

STRONG LOCAL DEMOGRAPHICS

  • Over 450,000 residents within a 5-mile radius
  • Average household incomes exceeding $100,000
  • Average age of local residents is 31 years old


Last Updated Date: 21 Jul 2022

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 21 Jul 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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