2975 W Sand Lake Rd - Freestanding FOR SALE


Lindenhurst, IL 60046
$995,000 USD
312-361-1645
2975 W Sand Lake Rd, Lindenhurst, IL for Sale
$995,000 USD
Freestanding - FOR SALE
1/7
null | 7.05% Cap Rate

2975 W Sand Lake Rd
Lindenhurst, IL 60046


HIGHLIGHTS

  • Long Term Lease
  • Development Potential
  • Tenant's Capital Improvements
  • Dynamic Tenant
  • Minimal Landlord Responsibilities
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 2975 W Sand Lake Road in Lindenhurst, Illinois (the “Property”). The single-tenant building is leased to Camp Bow Wow and contains 5,449 square feet on a large 7.22-acre parcel. Camp Bow Wow has 8+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase in 2027 and shall be set to fair market rent at the start of each renewal option. Additionally, the Property has excess land at the rear of the lot, approximately 3-acres, that can be developed or separated and sold as a development opportunity. The Property is well located along Sand Lake Road and enjoys outstanding frontage and visibility. The Property is 0.4-miles from US Route 45, one of the area’s primary commuter corridors, 1-mile from IL Route 132, the area’s primary commercial corridor, and 4-miles from Interstate 94. The Property is surrounded by densely developed residential neighborhoods providing a built-in customer base. Lindenhurst is in Lake County, approximately 45 miles northwest of Chicago. Lake County is the third most populous county in Illinois (out of 102 counties) and one of the most affluent in the state.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camp Bow Wow

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.22 AC

LAND SF

314,503 SF

ZONING

-

APN/PARCEL ID

06-01-400-024

ASK ABOUT THIS PROPERTY

Dan TilsnerHorvath & TremblayMore Info
312-361-1645

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Dan TilsnerHorvath & TremblayMore Info
312-361-1645

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