31450 US 12 Hwy - Freestanding FOR SALE


Lakemoor, IL 60051
$3,424,000 USD
602-687-6766
31450 US 12 Hwy, Lakemoor, IL for Sale
$3,424,000 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

31450 US 12 Hwy
Lakemoor, IL 60051


HIGHLIGHTS

  • Brand New 10-Year Lease - 2026 Construction - Chicago MSA
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • Affluent Trade Area - Average Household Income Exceeds $162,000 within 1 Mile
  • Situated at Lakewood's Primary Retail Intersection, Outparcel to Woodman's Food Market and Adjacent to National Tenants: Starbucks, Chipotle, etc.
  • High Traffic Location Near the Corner of North US Highway 12 and West Belvedere Road (±59,600 Combined Cars per Day at the Intersection)

OVERVIEW

Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network. For residential customers, Verizon FiOS is America’s largest 100% fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality. The Village of Lakemoor is located in Lake and McHenry counties in Illinois. Lakemoor is strategically located in the Chicago metro area and is home to high traffic regional transportation corridors, making it easily accessible by nearby communities. Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com

FOR SALE DETAILS

PRICE

$3,424,000 USD

PRICE/SF

$1,141 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon - New 10 Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,335 SF

ZONING

-

APN/PARCEL ID

09-03-401-003

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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

Mark RubleMarcus & MillichapMore Info
602-687-6766

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