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Off Market
1/14

3900 Washington St
Gurnee, IL 60031


HIGHLIGHTS

  • HEAVY TRAFFIC 30,000+ VPD
  • FULLY LEASED WITH VALUE ADD OUTLOT OPPORTUNITY
  • NNN LEASED PROPERTY-MINIMAL LANDLORD RESPONSIBILITIES
  • LONG TERM REGIONAL AND NATIONAL TENANTS
  • HUGE PYLON SIGN

OVERVIEW

Rare opportunity for an avid investor to acquire Washington Crossing Shopping Center, a stabilized, 90% leased thriving 28,000+ sqft retail shopping center on heavily trafficked Washington Street, in the heart of the Gurnee Professional District. This is is a very busy center, and the only retail center located in a prominent corridor with exposure to 30,000+ VPD off of Highway exits (41N/41S) Solid Mix of Regional and National tenants- leased to 11 tenants, featuring Edward Jones, Staffing Network, Mr. Pita, Desi Needs, Christian Fellowship Flock, Tacos El Durango, Kihap Martial Arts, Authentic Bread and a huge Medical Clinic, among others! NNN LEASES-Very Minimal Landlord Responsibilities Call 847-668-5552 or email jayroy365@gmail.com NOI $322,148 Offered at an attractive CAP rate. Potential for outlet with inherent value-add opportunity and potential for additional 100K+ income per year 2+ acre lot More than $250,000 in capital renovations invested in the center in the last few years. Majority of HVACS are new. 28,000 SQ Ft building The site features a 160+-car on-site parking lot, excellent frontage along Washington Street and monumental dual-sided pylon signage. Broker CO-OP: 1% commission

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Washington Crossings Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

28106

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

07-24-307-011