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2740 W. Cermak

Dollar General Signs 10-Year Lease At 2740 W. Cermak In Pilsen/Little Village, Chicago
LEASEDRetail

Dollar General Signs 10-Year Lease At 2740 W. Cermak In Pilsen/Little Village, Chicago

2740 W. Cermak

$20

$20/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Jan 2, 2023

AI

Located at 2740 W. Cermak, in the Pilsen/Little Village market of Chicago, this retail property has recently been leased. The lease deal was completed on 01/02/2023 with Dollar General as the tenant. The property, spanning 10,000 square feet, was leased by Lykourgos Skylakos to Dollar General. The lease term was for a 10-year period, as the national tenant signed a long-term agreement. The landlord was represented by Paul Tsakiris from First Western Properties.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease Deal
  • Address: 2740 W. Cermak, Pilsen/Little Village, Chicago
  • Tenant: Dollar General
  • Square Footage: 10,000
  • Lease Term: 10 years
  • Landlord: Lykourgos Skylakos
  • Broker: Paul Tsakiris - First Western Properties

This lease deal involved Lykourgos Skylakos as the landlord and Dollar General as the tenant. Paul Tsakiris, representing First Western Properties, acted as the broker in this transaction. The lease agreement with Dollar General, a national tenant, highlights the attractiveness of this retail property in the Pilsen/Little Village market.

Players

Lykourgos Skylakos

Landlord

2 deals

Landlord
DG
Dollar GeneralTenant

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93