6631 Grand Ave - Storefront FOR SALE


Gurnee, IL 60031
$3,985,000 USD
949-942-6585
6631 Grand Ave, Gurnee, IL for Sale
$3,985,000 USD
Storefront - FOR SALE
1/6
null | 7% Cap Rate

6631 Grand Ave
Gurnee, IL 60031


HIGHLIGHTS

  • • 100%-Occupied 3-Tenant Pad Leased to Corporate Tenants; Long-Standing Successful Operating History: o All three tenants are original tenants
  • Corporate leases with Heartland Dental (1,800+ locations), For Eyes Optical (100+ locations), and Select Comfort (Sleep Number) (640 locations)
  • Strategic Location; Outparcel to the 475,000+-Square-Foot Grand Hunt Center:
  • Excellent Accessibility and Visibility Along Grand Avenue (38,000 CPD); Freeway Proximity:
  • Affluent Demographics: Average household incomes of over $165,000 within a 1-mile radius
  • Regional Retail Destination; Strong Tenant Synergy from Surrounding Shopping Centers:

OVERVIEW

100% Corporate Tenants; All Original Tenants with Replaceable Rents; Affluent Demos; $165k AHHI

FOR SALE DETAILS

PRICE

$3,985,000 USD

PRICE/SF

$569 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pad at Grand Hunt Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C-2 PUD

APN/PARCEL ID

07-17-201-283

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-942-6585

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Scott ReidParaSell, Inc.More Info
949-942-6585

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