$4,300,000

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.