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Target at the Concord - Availability Details

6418 - 6422 North Sheridan Road, Chicago, IL 60626

  • For Sale Negotiable
  • City Chicago
  • Neighborhood Rogers Park
  • Zip Code 60626
  • Market Chicago
  • Property Type Retail - Street Retail
  • Property Size 28,989 Sqft
  • Lot Size 0.83 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2019
  • Date Updated 02 Jun, 2021
Target at the Concord is located along the west side of Sheridan Road, right next to Loyola University’s Rogers Park Campus. Rogers Park is an affluent, vibrant neighborhood on the North Side of Chicago. Rogers Park is densely populated (approx. 77,000 within one-mile of the Property) and located less than 10 miles north from Downtown. Target at the Concord is located just north of the heavily trafficked Sheridan Road (20,000 VPD) and Devon Avenue (14,300 VPD) and across the street from Loyola University’s Campus. Loyola University has over 17,000 students and over 2,000 staff members. The Concord at Sheridan is one of the closest major retail options for Loyola students and staff. Additionally, the Property has excellent accessibility and transportation options available nearby with the Loyola red line CTA station being less than a five (5) minute walk away and both Lake Shore Drive and the Rogers Park Metra Station less than one (1) mile away. Lake Michigan along with numerous beaches are less than half a mile east of the Property. Target at the Concord is located in the heart of Rogers Park's commercial and residential corridor. The Property is adjacent to the Morgan at Loyola Station which features 152 apartment units and retail space with tenants including Taco Bell, Potbelly, Insomnia Cookies, Halal Guys, Tropical Smoothie and T-Mobile. Other neighboring retailers include CVS/Pharmacy, Chase Bank, Chipotle, Starbucks, Dunkin’, Popeye’s Chicken and 7-Eleven, among other national retailers.
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Contacts

broker

Matthew Tarshis

Frontline Real Estate Partners

(847) 542-9058

Highlights

  • At the existing occupancy rate of 80%, the center produces a NOI of approx. $623,000
  • Extremely well located in heart of Chicago’s Rogers Park neighborhood across the street from Loyola University’s College Campus
  • Target, the property's anchor tenant, has a net lease term through January 2035 with four (4) 5-year options
  • Seller willing to provide master lease upon closing for 2 years at $35 PSF NNN
  • Newly built apartment building (2019)
  • Adjacent to the Morgan at Loyola Station, a 152-unit apartment building with ground floor retailers including Halal Guys, Potbelly, Taco Bell, Insomnia Cookies, T-Mobile, Tropical Smoothie Café and others
  • One of the closest major retail options for Loyola students and staff making it one of the most popular destinations for the 17,000+ students that attend the university
  • Densely populated area of approx. 80,000 within a one (1) mile radius
  • Underground parking available for customers, residents, and employees
  • Over $30,000 a year of additional parking income

Contact Listing Broker

broker

Matthew Tarshis

Frontline Real Estate Partners

(847) 542-9058

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