Ashland Wellington Plaza

2862-2924 North Ashland Avenue, Chicago, IL, 60657, US

Description

Address: 2862-2928 N Ashland Avenue, Chicago, IL

GLA: 19,979 SF

Year Built / Renovated: 1987

Parking Spots: 181

Year 1 NOI: +/- $760,000

Occupancy: 87%

Number of Suites: 9

WALT: 2.7 Years

5-Year CAGR: 7.8%

...

Units

WALT

2.7 years

Building area net

1,856 sm

Occupancy

87%

Parking spaces

181

Premier Lakeview Location with Affluent Demographics
Population of 66,422 and an average household income of $229,480 within one mile
Positioned along Ashland Avenue (23,500 VPD) with exceptional proximity to Downtown Chicago, Wrigley Field, I-90/94 and CTA Transit
Only grocery-anchored shop space in Lakeview with surface-level parking
Ideal Tenant Mix with Immediate NOI Growth & Value-Add Potential
Highly desirable “medtail” tenancy with ~50% of income from medical tenants
Two available suites totaling 2,583 SF, including the 1,243 SF vacancy which offers the most leasable space in the center
Over 50% of in-place tenants are without renewal options, providing near-term mark-to-market upside
Top Performing Jewel-Osco Shadow Anchor
Adjacent Jewel-Osco is a top performing store in the chain, drawing 1.33M annual visits
Jewel-Osco is the #1 Grocer in the Chicago MSA by market share
#3 ranked grocer within 5-mile radius