19641 NE Frontage Rd - Freestanding FOR SALE


Shorewood, IL 60404
$4,150,992 USD
216-292-7006
19641 NE Frontage Rd, Shorewood, IL for Sale
$4,150,992 USD
Freestanding - FOR SALE
1/5
null | 6.85% Cap Rate

19641 NE Frontage Rd
Shorewood, IL 60404


HIGHLIGHTS

  • 15.5 Years Remaining on Corporate Lease
  • Above Standard Range USA Increases - 6% Every Five Years with Multiple Renewal Options
  • Below Average Price Point for Range USA Net Lease Sales
  • 164,106 Residents within a 5-Mile Radius in Growing Trade Area in Chicago MSA
  • Average Household Income Exceeds $120,000 within 3 Miles of the Subject Property
  • Immediately off US-55, Easily Accessible by 80,300+ Cars Per Day

OVERVIEW

Range USA, formerly known as Shoot Point Blank, is the nation's leading indoor gun range and retail shops. They are the largest firearm educator in the world, teaching over 75,000 people each year to be responsible gun owners. Since its opening in 2012, Range USA has expanded to 52 locations. Range USA is the world's largest operator of indoor shooting ranges, providing a welcoming environment for shooters of all experience levels with a focus on safety and education. Shorewood is a village located in Will County, Illinois, approximately 40 miles southwest of downtown Chicago and just west of Joliet. Primarily a residential community, Shorewood had a population of 18,209 according to the 2020 U.S. Census and has experienced steady growth over the past several decades. Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com

FOR SALE DETAILS

PRICE

$4,150,992 USD

PRICE/SF

$198 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Range USA - Recently Extended 15 YR Corporate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

-

APN/PARCEL ID

05-06-10-404-001

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.