11500 Pulaski RdAlsip, IL 60803

This 6,834 square foot multi-tenant retail property in Alsip, Illinois, presents a compelling investment opportunity. Located at 11500 South Pulaski Road, this 2013-built building sits on a 0.62-acre lot and boasts a prominent corner location with high visibility. Currently 54% occupied, the property features DaVita Dialysis as a strong anchor tenant, recently renewing their lease for an additional five years with 10% rent bumps in each of three 5-year lease options. DaVita's lease is guaranteed by its parent company, providing significant financial security. The remaining 3,174 square feet of divisible space offers excellent potential for additional income generation, benefiting from high traffic counts exceeding 43,800 vehicles daily. The property's strategic location within the Chicago MSA, less than 16 miles southwest of downtown, places it near numerous national retailers, including Jewel Osco, ALDI, and Walgreens. A dense population of over 139,500 residents within a 3-mile radius, with an average household income exceeding $93,800, provides a robust customer base. The property's net lease structure with DaVita allows for 100% recapture of their pro rata share of operating expenses, creating a passive income stream. The current pro-forma NOI is $137,652, with a pro-forma cap rate of 10.50%. The asking price is $1,311,000. This property offers a blend of secure income and significant value-add potential.