5526-5530 Touhy Avenue

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5526-5530 Touhy Avenue

Skokie, IL 60077
Asking Price
$4.41M
Cap Rate
6.25%
Asset Type
Bank Retail
Class
Class B

What's Special

Two-Tenant Retail Asset I 10-Yr Dave's Hot Chicken & 7-Yr Bank of Hope | High-Volume Retail Corridor <ul><li>​With Bank of Hope exercising a 7-year renewal option on its existing space and Dave's Hot Chicken executing a brand-new 10-year NNN lease commencing May 2026, the property achieves an 8.15-year weighted average lease term with zero lease expirations during a 5-year hold period. Combined with Bank of Hope's recent $35,800 improvement to their space, the asset shows a strong commitment from its retailers to the location and market.</li><li>​Both leases are triple net, with all CAM, real e

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NOI
$80,000
Cap Rate
1.81%
DSCR
0.31
Underwater
Cash-on-Cash
-13.74%
Monthly Payment
$21,818.274
Annual Cash Flow
$-181,819.286

Location & Travel Times