Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the CVS, located in the Wrigleyville community of Chicago. Please note that certain Principals associated with the Seller are licensed real estate brokers and associated with Mid-America Real Estate Corporation. This trophy asset is a generational investment opportunity directly across the street from the iconic Wrigley Field in Chicago, a recently designated national historic landmark. The property is located at 1041 West Addison Street and is newly constructed to accommodate a marquee CVS Pharmacy and features a prominent billboard leased to Clear Channel Outdoors. CVS is situated in the extremely dense and affluent Chicago community of Wrigleyville, surrounded by over a billion dollars of premier development. The subject offering is comprised of a 10,200 square foot two-level retail building, capped by a three story, 20’ x 35’ billboard. The property is anchored with the essential business, investment grade CVS Pharmacy, who is subject to a 15-year corporately guaranteed lease. The offering also includes a 11-year billboard lease with Clear Channel Outdoors where the landlord receives 30% of the advertising revenue, which has been growing at an average rate of 34% per year since 2018. This unique investment just steps to the entrance of Wrigley Field, surrounded by wealthy households and a plethora of new development, with exposure to millions of residents, transit riders and fans, make it a once in a lifetime opportunity.
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
|Population Median Age||35||37||37|
|Population by Age||0-9 Yrs||7581 (7%)||45354 (9%)||112437 (10%)|
|10-19 Yrs||3772 (3%)||27671 (5%)||89259 (7%)|
|20-29 Yrs||31161 (32%)||113137 (24%)||243613 (21%)|
|30-39 Yrs||24166 (25%)||109549 (23%)||240818 (21%)|
|40-49 Yrs||9666 (10%)||58285 (12%)||139062 (12%)|
|50-59 Yrs||8260 (8%)||44959 (9%)||117214 (10%)|
|60-69 Yrs||5639 (5%)||34787 (7%)||96063 (8%)|
|70+ Yrs||4766 (5%)||33035 (7%)||81129 (7%)|
|Median HH Income||$90,300||$86,585||$80,288|
|Total Household Income||< 24K||6066 (12%)||33450 (14%)||85695 (16%)|
|25-49K||7184 (14%)||33873 (15%)||81701 (16%)|
|50-74K||7766 (15%)||32785 (14%)||74494 (14%)|
|75-99K||6180 (12%)||27505 (12%)||59870 (11%)|
|100-199K||13546 (27%)||59939 (26%)||129917 (25%)|
|200K+||8854 (17%)||38158 (16%)||77438 (15%)|
|Highest Education Level||No Diploma||1824||21661||79258|
|Diploma or GED||4309||35993||111133|
|Total Housing Units||54,095||247,345||569,791|
|Owner-Occupied Values||< 100K||449||2308||7759|
|Total Working Age Population||84,752||403,421||957,260|
|In Work Force||71,211||315,001||708,913|
|Not In Work Force||13,541||88,420||248,347|
|Single Male w/Child||401||1,866||5,995|
|Single Female w/Child||626||5,296||17,252|
Population Change Last Two Decades - Plus Projection
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