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Apr 25, 2015 2:45 PM ET

Archived: S. Michicgan Avenue Retail Chicago, Il – Diversified Tenant Base: 100% triple net leased to 12 diversified tenants with an average remaining lease term of 6.6 years

iCrowdNewswire - Apr 25, 2015

S. Michicgan Avenue Retail Chicago, Il




Offered By



Crowd Realty Advisors, LLC

Crowd Realty Advisors, LLC



Projected Cash Return 7.1%
Projected Annual IRR 11-13%
Minimum Investment $35K
Estimated Hold 5-7Y

About this Property


Class A newer construction in excellent location near to thousands of residential units and beneath 450 condominiums on South Michigan Avenue in Chicago. The South Loop neighborhood represents a rapidly gentrifying area of Chicago. All of the retail units are located on the ground floor with excellent visibility and foot traffic, and located within areas with strong retail demands. Additional sources of revenue include parking and communication risers.

New York, NY

Key Points

  • Offering is structured as a Delaware Statutory Trust, potentially allowing for 1031 Tax deferred compatibility both at original investment and sale
  • Diversified Tenant Base: 100% triple net leased to 12 diversified tenants with an average remaining lease term of 6.6 years
  • Extremely Strong Market: 2% retail vacancy in the immediate neighborhood
  • Excellent Cash Yield and Debt Coverage: 7.12% Year 1 Cash-on-Cash Yield, growing to 8.38% by Year 5; Debt coverage ratio of nearly 2.0X
  • No Promote to the Sponsor: Due to the DST structure, Sponsor is prohibited from participating in the upside at the disposition of the properties
  • Reserves for Investor Protection: Approximately $300,000 of total reserves to protect investors from tenant rollovers or unexpected events



Properties are located beneath a high-rise condominium complex.

Location Details

Chicago, IL

1250 and 1400 S Michigan are located on Chicago’s Michigan Avenue on the rapidly gentrifying south loop area. Recent development over the past ten years has seen high-rise condominiums and apartments constructed to serve the higher income professionals that now reside in this area. (Avg. salary $106,000) Less than one half mile are Lakeshore Drive and Chicago’s Museum Campus, a 57 acre park comprised of Soldier Field, Field Museum of Natural History, Adler Planetarium, Shedd Aquarium, North Americas largest convention center, McCormick Place. Within the three mile radius of the properties, there are many universities and colleges supporting the retail outlets: DePaul University (24,400 students), Roosevelt University (7,000 students), University of Illinois at Chicago (27,900 students)


MSA Rank 3
Median Income $47,270
MSA Population 2,718,782
Population Growth 0.9%



Contact Information:

Crowd Realty Advisors, LLC

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