2435 N Ashland Avenue
Presenting a single-tenant Absolute NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year Absolute NNN lease with no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
- Oliang 150 ft
- The Squared Circle 200 ft
- Vegan Plate 350 ft
- Taco & Burrito House 350 ft
- Domino's 450 ft
- Suda's Lebanese Cuisine 500 ft
- BP Shop 500 ft
- 7-Eleven 0.3 mi
- Jewel-Osco 0.3 mi
- Mariano's Fresh Market 0.4 mi
- Aldi 0.4 mi
- 7-Eleven 0.4 mi
- Schaefer Park 300 ft
- Wrightwood Park 800 ft
- Wrightwood Playground 950 ft
- Clover Park 0.4 mi
- Hartland Park 0.4 mi
- Supera Park 0.5 mi
- The Cuptown 1000 ft
- Tsaocaa 0.3 mi
- Dunkin' 0.3 mi
- Vero Coffee & Gelato 0.4 mi
- Starbucks 0.4 mi
- Little Beans 0.4 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12636515