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340 Townline Road, Mundelein, IL

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340 Townline Road

Mundelein, IL 60060 - Central North Submarket

(5.1 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:65,450 SF Land Area:4.56 AC (198,634 SF)
For Sale Price:$3,200,000 Price/SF:$48.89
Cap Rate:8.71 %
Parking:Free Surface spaces are available; Ratio of 9.38/1,000 SF
Features:Pylon Sign, Signage

Sale Notes:
65,000+ square foot, freestanding retail building located along the Route 60/Townline
Road retail corridor in Mundelein. The building is fully leased to two-tenants, Salvation
Army in 30,000 square feet on the ground floor (term through August 31, 2020), and La
Vina Iglesia in 33,645 square feet on the second floor (term through March 31, 2021). The
gross annual income is $380,400 with an NOI of approximately $278,661.
The property is extremely well located in close proximity to an abundance of national
retailers including Jewel-Osco, McDonald's, Chase Bank, Burlington Coat Factory, Burger
King, CVS, Charter Fitness, and Walmart (coming soon to Oak Creek Shopping Center).

• Monument signage along Route 60 provides for visibility to nearly 17,000 VPD
• Strong in-line and outlot co-tenancy including Dollar General, Garden Fresh Market,
Chase Bank, and McDonald's
• The intersection at Route 60 and Route 45, just two blocks to the east, is heavily
trafficked and averages approximately 44,500 VPD

Frontline Real Estate Partners
Zack Pearlstein
(847) 275-6106

Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058

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