Two Tenant Strip - Addison, IL Retail | 7.75% CAP | 7,025 SF

Colliers Net Lease Investment Group is pleased to present a stabilized real estate investment opportunity with a value-add component. This standalone property houses two well known tenants: a closed Chicago pizza restaurant and a national cellphone store. This net-leased property is strategically located at 1323 W. Lake St in Addison, IL, and was constructed in 2005. It forms an integral part of a thriving development that encompasses numerous residential condominiums, a prominent BMO Harris Bank branch, Culver’s, and an advanced Amita Health immediate care and medical imaging facility.
Positioned strategically along the bustling US Hwy 20, just southeast of the I-355 interchange and Route 53 interchange, this property offers unparalleled accessibility, facilitating seamless north-south connections throughout Chicago’s western suburbs.
This offering presents savvy investors with a unique opportunity to acquire a stable asset and has 3 years to work to backfill the pizza space.
This opportunity is offered at $1,992,863 and a 8.00% cap rate