This 8,024 square foot commercial strip center, located at 2839-41 N. Narragansett Ave., rests on a nearly 25,000 square foot lot in Chicago’s vibrant Belmont Cragin neighborhood. The property was sold on May 12th, by seller Harold Rider, and purchased by Majid Abdallah.
The property is fully leased and occupied by six retail tenants. Majority of the leases are NNN leases and two of the six tenants are corporate guaranteed credit leases, Little Caesars and H&R Block. The remaining tenants include Lee Nails, Currency Exchange, a barber shop and cell phone store.
The property is just steps away from the Brickyard Mall, 75 acres worth of shopping area anchored by prominent tenants including Target, Lowe’s, Jewel Osco, Office Max and Marshalls. The southern portion is home of the Bricktown Square, a 291,000 SF center anchored by Babies “R” Us, Office Depot and Sports Authority. Other Area tenants include Home Depot and Bank of America.
