3950 West Devon Avenue_Property for Sale
3950 West Devon Avenue_Property for Sale
3934-3950 W Devon Ave, Lincolnwood, IL, 60712, US

3950 West Devon Avenue

Asset Description

Address: 3920-3950 West Devon Ave, Lincolnwood, IL


Asking Price: $7,200,000


Cap Rate: 7.00%


NOI: $503,068


WALT: 7.50 Years


GLA: 26,192


Land Acres: +/- 1.81 


Parking Spaces: 87 


Year Built: 2003


RET Parcel Numbers: 10-25-327-015 & 10-35-237-005

...

Attributes

Building area net
2,369 m²
Year built
2003
Land area gross
0.73 ha
WAULT
7.5 years

Media

Investment Highlights

Value-Add Opportunity 

  • 2,900 SF Existing Vacant Suite Allows For Immediate Cash Flow Upside Through Leasing
  • Ability to Convert Two Gross Leases (12% of GLA) To NNN Upon Expiration


Recent Leasing Momentum       

  • CVS: Recently Extended Term Early to 2033 at No Additional Cost
  • Dunkin': Recent Extended Term Through 2033


Dense & Affluent Submarket of Chicago with Average HHI of $101,776 and 879,871 People in a 5-Mile Radius 


 Anchored (Moody's Long Term Credit Rating: BAA2) 


3950 West Devon Avenue 4_Property for Sale
3950 West Devon Avenue 4_Property for Sale

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3950 West Devon Avenue (0 Properties)

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Last updated
8 Feb 2024