CVS-Anchored Center at 7.1% Cap in Lincolnwood
No Longer Available
3934-50 W Devon Ave
Lincolnwood, IL 60712
25,500 SF
Neighborhood Retail Center
The Details
- 25,500 SF retail building
- CVS Pharmacy-anchored center
- Other national tenants include Block Advisors, and Dunkin’ Donuts
- Potential to add value thru leasing
- 1,600 and 2,900 SF available
- Highly visible at busy corner
- Great for user or investor
- Actual 2017 NOI: $506,125
- Projected 2018 NOI: $690,802
- Traffic Count: 21,600 daily on Devon; 10,900 on Crawford
- Zoning: B2, general business
- Taxes (2016): $277,308, under protest
A CVS-anchored neighborhood retail center with 82.3% occupancy is available for sale. Built in 2003, the center is located at the busy stoplit corner of Devon and Crawford, with great visibility from both streets. In addition to CVS, this center is home to national tenants with great brand recognition such as Block Advisors and Dunkin’ Donuts. Two units are currently vacant, creating the potential to add value through leasing. At an 7.1% cap rate, this neighborhood center is a great opportunity for a user or investor.
Lincolnwood is a northern suburb of Chicago, approximately 12 miles from downtown. Devon Ave. is a major commercial corridor for this area.