Offering

Avondale
Commons
Chicago, IL

Multi-Tenant NNN Retail
Kennedy Expressway (I-90/94) & Addison St
$50,000,000 | Cap Rate 6.00%
  • Avondale Commons is anchored by a new LA Fitness (20-year lease) and a new Floor & Decor (15-year lease)
  • Features an existing strong-performing Olive Garden, with lease term through September 2024 and a below-market rent
  • Avondale Commons has a weighted average lease term of 15.7 years, the property provides investors with long-term income stability in a highly coveted urban location
  • Ideally positioned on Addison Street directly adjacent to a full interchange with I-90/94 (266,200 VPD)
  • Center benefits from complementary co-tenancy driven by the adjacent Home Depot and Ferguson Heating and Cooling providing additional consumer draw

NetCMG MediaAvondale
Commons