Former Save-a-Lot NNN Property For Sale — Chicago, IL
344 EAST 63RD STREET, Chicago, IL 60637
This investment offering features a strategically located former supermarket with an existing NNN lease providing income through February 2027. The property is situated in a high-traffic area with convenient access to major transportation routes and proximate to a large university campus, and other demand drivers. This property presents an excellent opportunity for investors seeking a value-add asset in an urban infill location with potential for future redevelopment or repositioning, augmented by significant Opportunity Zone and other incentive programs.
- Address: 344 EAST 63RD STREET, Chicago, IL 60637
- Asking price $1.50M
- 15.20% cap rate
- NOI $228,000
- 0.5 years remaining
- NNN lease
- Year built: 1966
- Building size: 16,290 SF
- Lot size: 0.76 acres
- Lease expiration: Feb 28, 2027
- Guarantor: Corporate
Location
This Former Save-a-Lot property is at 344 EAST 63RD STREET in Chicago, Illinois.
Asset type: Retail