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