7010 Grand Ave - Storefront FOR SALE


Gurnee, IL 60031
$3,550,000 USD
312-269-0220
7010 Grand Ave, Gurnee, IL for Sale
$3,550,000 USD
Storefront - FOR SALE
1/1
null | 6.65% Cap Rate

7010 Grand Ave
Gurnee, IL 60031


OVERVIEW

?84% leased shopping center with one vacancy totaling 1,901 SF, 70% of tenants have operated at this site for 25+ years showing the tenants' commitment to the site ?Located less than 2 miles west of Gurnee Mills Mall, the largest shopping mall in Illinois, featuring over 1.9 million square feet of retail shopping that sees over 9 million annual visitors. The mall features over 200 shops, restaurants, entertainment options, 1,000-seat food court, and a movie theater ? Mix of national and local retailers all signed to landlord favorable net-leases. Firestone recently invested over $200,000 into their unit and is ranked in the top 95th percentile for store performance in Illinois ?One of the state's highest-performing Tropical Smoothie locations, the property is enhanced by a full-service drive-thru lane, providing a significant advantage over nearby competition ?Situated in a very well-established community, the property draws from more than 116,899 residents with an average household income of $146,300 in the surrounding 5-mile radius ?Located on a hard corner signalized intersection along the high traffic corridor of Grand Avenue, which sees 50,873 VPD, the main retail thoroughfare for Gurnee, IL. Additionally, the property is surrounded by national retailers: Sam's Club, Walmart, Mariano's, Jewel, Target, The Home Depot, Best Buy, Binny's, Chick-fil-A, Texas Roadhouse, Outback Steakhouse, and more

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-2

APN/PARCEL ID

07-08-310-046

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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