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Long term Triple net ground lease of 18,730 square feet of land perfectly located steps from the North ave and Clybourn retail corridor and the red line. Currently leased by extremely solid tenant I Fly since 2016, this property offers a 6 cap rate of return at $253,000 net annually. Tenant pays all taxes, insurance, common area maintenance, utilities and repairs/ replacement. Absolutely expenses to the owner! Rent increase effective 10/2026 to $278,300 through lease end 10/2031. 3 consecutive 5 year options with healthy and proportionate rent increases ending 9/2046 at $370,417 annual net income. Incredible site for future development or buy and hold as an easy armchair investment! Please do not disturb tenants.

Property Details of 800 West Scott Street

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Listed by Cara Buffa of Berkshire Hathaway HomeServices Chicago

Listing Sold by Jameson Commercial

Based on information submitted to MRED  as of March 3, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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