710 N Green Bay Rd - Retail FOR SALE


Waukegan, IL 60085
$2,867,000 USD
847-902-7031
710 N Green Bay Rd, Waukegan, IL for Sale
$2,867,000 USD
Retail - FOR SALE
1/12
null | 5% Cap Rate

710 N Green Bay Rd
Waukegan, IL 60085


HIGHLIGHTS

  • Rare 17 Year Lease
  • Corporate Guaranty
  • Off of 55K VPD Intersection
  • Well positioned in front of Jewel Osco
  • 2025 New Construction

OVERVIEW

November Capital is proud to offer an exceptional net leased Chipotle investment in the thriving Chicago suburb of Waukegan, Illinois. This rare asset boasts a 17-year corporately guaranteed lease, featuring 10% rental escalations every five years, with absolute NNN terms through 2042. Ideally positioned just off a signalized intersection with 55,000 vehicles passing daily, the property benefits from strong visibility and surrounding retail action. It is also strategically located within a vibrant shopping center anchored by a Jewel-Osco grocery store, providing a built-in customer base. Waukegan ranks as the fifth most populous suburb in Illinois, making this an outstanding opportunity for investors seeking a stable, long-term, high-credit tenant in a prime location.

FOR SALE DETAILS

PRICE

$2,867,000 USD

PRICE/SF

$1,220 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle (Rare 17 Year Lease)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

08-18-324-015

ASK ABOUT THIS PROPERTY

Jeff WeilNovember CapitalMore Info
847-902-7031

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

Jeff WeilNovember CapitalMore Info
847-902-7031

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