6840 N McCormick Blvd - Retail FOR SALE


Lincolnwood, IL 60712
$21,016,000 USD
6840 N McCormick Blvd, Lincolnwood, IL for Sale
$21,016,000 USD
Retail - FOR SALE
1/4
null | 6% Cap Rate

6840 N McCormick Blvd
Lincolnwood, IL 60712


HIGHLIGHTS

  • WALMART SPARK DELIVERY DEPOT: THE FUTURE OF LAST-MILE RETAIL
  • TOP PERFORMING PLANET FITNESS
  • HIGHLY DURABLE INCOME WITH INVESTMENT GRADE CREDIT TENANCY
  • NEW 10-YEAR WALMART EXTENSION
  • PROMINENT RETAIL LOCATION WITH EXCELLENT DEMOGRAPHIC PROFILE
  • NEW SURROUNDING DEVELOPMENTS AND FURTURE DEVELOPMENT OPPORTUNITY ON SITE

OVERVIEW

CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a two-tenant deal, including a 41,216 SF Walmart Fulfillment Center and a 21,237 SF top-performing Planet Fitness, located in Lincolnwood, Illinois. The Property is leased to two nationally recognized tenants under long-term agreements, providing durable and reliable cash flow. Walmart, the nation’s largest retailer with an “AA” credit rating from S&P, utilizes the facility as a critical last-mile fulfillment location serving the greater Chicago area. Planet Fitness ranks among the highest-performing locations in the country and exhibits strong unit-level fundamentals.

FOR SALE DETAILS

PRICE

$21,016,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart & Planet Fitness

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.59 AC

LAND SF

287,060 SF

ZONING

-

APN/PARCEL ID

10-35-202-001-0000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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