6050 Gurnee Mills Cir E - Freestanding FOR SALE
Gurnee, IL 60031 |
$7,530,000 USD
217-549-3163
6050 Gurnee Mills Cir E
Gurnee, IL 60031
HIGHLIGHTS
- 7 YEAR NET LEASE | 2.0% ANNUAL ESCALATIONS
- LARGEST ASHLEY FURNITURE FRANCHISEE | 125 LOCATIONS
- HIGH PERFORMING LOCATION | #5 STORE IN STATE OF ILLINOIS
- REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT
- OUTLOT TO GURNEE MILLS MALL | 10 MILLION ANNUAL VISITORS
- DOMINANT RETAIL TRADE AREA | TOP 6% RETAIL NODE IN THE COUNTRY
OVERVIEW
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 44,880 square foot, freestanding Ashley Furniture location located at the entrance to Gurnee Mills Mall off Grand Avenue (US- 132) Gurnee, Illinois. The subject offering features a 7-year net lease with the largest Ashley Furniture franchisee.
FOR SALE DETAILS
PRICE
$7,530,000 USD
PRICE/SF
$168 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
288
LAND DETAILS
LAND ACRES
2.34 AC
LAND SF
101,830 SF
ZONING
C-6 PUD
APN/PARCEL ID
07-16-201-008
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217-549-3163
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217-549-3163
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