2000 W Grand Ave - Freestanding FOR SALE


Waukegan, IL 60085- Downtown Waukegan
$512,471 USD
312-637-6582
2000 W Grand Ave, Waukegan, IL for Sale
$512,471 USD
Freestanding - FOR SALE
1/6
null | 8.5% Cap Rate

2000 W Grand Ave
Waukegan, IL 60085
Downtown Waukegan


HIGHLIGHTS

  • Attractive Rent Increase
  • Dynamic Tenant
  • Minimal Management Responsibilities
  • Prime Retail Location
  • Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Oportun located at 2000 W Grand Avenue in Waukegan, Illinois (the “Property”). Oportun occupies a 1,500 square foot building on a 0.36-acre parcel of land and has been at this location since 2017. Oportun has 1+ years remaining on their lease with two (2), 4-year renewal options. The lease calls for attractive rent increases at the start of each of the renewal options. The Property is extremely well located along Grand Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to shopping centers, national and local retailers, restaurants, and businesses, all of which drive traffic to the area. Oportun is within minutes of several area schools and is surrounded by residential neighborhoods providing a built-in customer base. Additionally, the Property is convenient to Lake Michigan, Waukegan Municipal Beach, and the area’s highways.

FOR SALE DETAILS

PRICE

$512,471 USD

PRICE/SF

$342 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oportun

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

B-3, Waukegan

APN/PARCEL ID

08-17-321-027

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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