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9438 S Ashland Ave

9438 S Ashland Ave, Chicago, IL 60620
Available Now
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FOR SALERetail / Fast Food
Cap Rate
5.49%
Building Size
2,400SF
Lot Size
0.54Ac
Year Built
1999
Zoning
PD
Tenancy
Single Tenant
Listing Contacts
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More property details

APN
25-06-426-016-0000
Currently Leased
No
Sale Type
1031 Exchange
Building FAR
0.1
Property Class
B
No of Buildings
1
No of Stories
1

Features & amenities

Location Amenities
Public Transportation
Metro/Subway
Airport
Commuter Rail

Location

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9438 S Ashland Ave
About the location

We are proud to offer an outstanding investment opportunity featuring a newly constructed Starbucks property completed in 2022 and secured by a 10-year lease with Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+ credit rating). Strategically positioned as a pad site to a Jewel-Osco grocery store at the highly visible and heavily trafficked corner of South Ashland Avenue and West 95th Street, the property benefits from strong consumer traffic and excellent exposure. The surrounding retail corridor includes nationally recognized brands such as McDonald’s, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, Dunkin’ Donuts, Subway, and others, supporting consistent foot traffic and long-term area growth. The asset is structured under a stable NN lease, minimizing landlord responsibilities and ensuring ease of ownership. With more than seven years remaining on the initial term, four additional five-year extension options, and 10% rental increases every five years, the investment offers dependable income and built-in growth potential. For additional details, please contact Michael Murphy or Christopher Mauriello.

Documents

FILE
Starbucks Chicago OM.pdf
1.75 MB · Listing document
9438 S Ashland Ave
2,400 SF · retail · United States · IL
View OM