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SAVE-A-LOT FOOD STORES | INFILL LOCATION SAVE-A-LOT FOOD STORES | INFILL LOCATION

$3,260,000 | 6.75%

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344 E. 63rd Street
Chicago, Illinois 60637

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Features

  • National Tenant with Over 1,000 Locations Across the U.S.
    • Slated to Complete a Remodel to all Stores in 2022
  • Essential Grocery Retailer with Long Term Operating History
    • Save-a-Lot has a 10-Year Operating History with Recent Lease Extension in 2019
    • Minimal Full-Service Grocery Store Competition Within Immediate Area
  • Excellent Real Estate Fundamentals
    • Rent Increases Every Five Years with Next Increase Set to Occur on March 1, 2024
    • Modest, Replaceable Rental Rate of Only $13.50 per Square Foot
    • Over 292,000 People Living Within a Three-Mile Radius of the Property
    • Located Adjacent to CTA Green Line Train Stop and CTA Bus Stop
  • Close Proximity to the University of Chicago Campus and Two Hospitals
    • Less Than One Mile from St. Bernard Hospital | 90-Licensed Beds
    • 1.2 Miles to University of Chicago Medicine Hospital | 811-Licensed Beds

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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