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

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LEASED
$20

Illinois

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Retail10,000 SF
Leased 01/02/2023
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Property Image
LEASED

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

2740 W. Cermak

See Similar Deals
Retail10,000 SF
Leased 01/02/2023
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$20
Total Square Footage:10,000 SF
Transaction Type:Lease

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.

Details

LEASED
IMAGE: Paul Tsakiris DATE: 01/02/2023 ADDRESS: 2740 W. Cermak MARKET: Pilsen/Little Village, Chicago ASSET TYPE: Retail LANDLORD: Lykourgos Skylakos TENANT: Dollar General BROKER: Paul Tsakiris - First Western Properties ASKING RENT: $20/ft ~ SF: 10,000 LEASE TERM: National Tenant Signs 10 Year Deal!

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Deal Type
Effective Rent (Annual)

$229,277.59

Total Lease Value

$2,292,775.86

Net Landlord Cash Flow$229,277.59