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 

NOI: $592,112

GLA: 26,192

Land Acres: +/- 1.81 

Parking Spaces: 87 

Year Built: 2003

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



Building area Net
2,369 m²
Year built
Land area net
0.73 ha (7,325 m²)
MYR 2,781,000


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 

  • Dunkin': Recent Extended Term Through 2033
  • CVS: Recently Accepted Contractual Renewal Option Extending Term Through 2027

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

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

  • Recently Accepted 5-Year Contractual Renewal Option at 10% Increase in Base Rent  

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

Contact brokers

3950 West Devon Avenue (0 Properties)

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Last updated
22 Jun 2023