Gurnee Retail - for Sale

12/8/2021

Gurnee Retail - for Sale

Copyrighted report licensed to CoStar GroupInformation contained herein is generated by CoStar. There is no warranty, express or implied, of the accuracy of this information.

12/8/2021

Property Summary Report

36044 N Brookside DrGurnee, IL 60031 - Far North Submarket

BUILDING

Type 3 Star Retail Storefront Retail/Office

Tenancy Single

Year Built 1990

GLA 3,162 SF

Stories 1

Typical Floor 3,162 SF

Construction Masonry

LAND

Land Acres 1.12 AC

Zoning R-1

Parcel 07-08-309-001

EXPENSES

Taxes $9.16/SF (2019)

TENANTSHeartland Bank & Trust Company 4,838 SF

SALE

For Sale $765,000 ($241.94/SF)

Sale Type Owner User

Status Active

TRAFFIC & FRONTAGE

Traffic Volume 35,925 on Grand Ave & Brookside Dr E (2015)

37,714 on Grand Ave & Hunt Club Rd E (2015)

Frontage 89' on Grand Ave. (with 2 curb cuts)

Made with TrafficMetrix® Products

TRANSPORTATION

Parking 40 available (Surface);Ratio of 12.65/1,000 SF

Commuter Rail 10 min drive to Round Lake Beach Station Commuter Rail (North Central Service)

Airport 43 min drive to Chicago O'Hare International Airport

Walk Score® Car-Dependent (44)

PROPERTY CONTACTS

Sales Company LB All-Star Realty Advisors LLC

950 Skokie Blvd

Northbrook, IL 60062

(773) 230-1031 (p)

Recorded Owner American Midwest Bk

True Owner American Midwest Bank

1985 Dekalb Ave

Sycamore, IL 60178

(815) 756-1444 (p)

Copyrighted report licensed to CoStar GroupInformation contained herein is generated by

CoStar. There is no warranty, express or implied, of the accuracy of this information.

12/8/2021


3430 Grand AveGurnee, IL 60031 - Far North Submarket

BUILDING

Type 3 Star Retail

Tenancy Multi

Year Built 2003

GLA 9,697 SF

Stories 1


Docks None


LAND

Land Acres 0.28 AC

Parcel 07-13-426-049

EXPENSES

Taxes $1.31/SF (2020)

TENANTSAthletiCo Physical Therapy 2,700 SF

Jimmy John's 2,000 SF

T-Mobile -

Sprint Store 2,100 SF

Gold Max USA -

SPACE FEATURES

• Signage

FOR LEASE

Smallest Space

2,700 SF

Max Contigu-ous

2,700 SF

# of Spaces 1

Vacant 2,700 SF

% Leased 72.2%

Rent Withheld - CoStar Est.

Retail Avail 2,700 SF

AVAILABLE SPACES

Floor Suite Use Type SF Available Flr Contig Bldg Contig Rent Occupancy Term

P 1st Retail Direct 2,700 2,700 2,700 Withheld Vacant Negotiable

Millennium Properties R/E, Inc.

Former 2,700 SF Athletico Physical Therapy



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SALE

For Sale Price Not Disclosed

Sale Type Investment

Status Active

Last Sale

Sold Price $2,237,500 ($230.74/SF) - Part of Portfolio

Date Jan 2015


Cap Rate 8.40%

Financing Down Payment of $7,655 (1.68%)

1st Mortgage

TRAFFIC & FRONTAGE

Traffic Volume 27,893 on Grand Ave & Lawrence Ave E (2020)

33,578 on N Green Bay Rd & W Dug-gald Ave S (2015)

Frontage 190' on Grand Ave (with 1 curb cuts)


TRANSPORTATION


Commuter Rail 9 min drive to Waukegan Station Commuter Rail (Union Pacific North Line)


Walk Score® Somewhat Walkable (55)

Transit Score® Some Transit (26)

PROPERTY CONTACTS

Primary Leasing Company Millennium Properties R/E, Inc.

350 N LaSalle St

Chicago, IL 60654

(312) 338-3000 (p)

(312) 264-0540 (f)

True Owner Rick's Insurance Agency

1340 N Rand Rd

Palatine, IL 60074

(847) 991-2600 (p)

Sales Company Millennium Properties R/E, Inc.

350 N LaSalle St

Chicago, IL 60654

(312) 338-3000 (p)

(312) 264-0540 (f)

Recorded Owner Steven Luu

230 Walton St

Barrington, IL 60010



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BUILDING

Type 2 Star Retail

Tenancy Multi

Year Built 1990

Year Renov 2018

GLA 9,200 SF

Stories 1


LAND

Land Acres 2.00 AC

Parcel 07-15-305-001

EXPENSES

Taxes $3.79/SF (2019)

SPACE FEATURES

• Air Conditioning • Drive Thru

• Monument Signage

FOR LEASE

Smallest Space

4,600 SF

Max Contigu-ous

4,600 SF

# of Spaces 1

Vacant 9,200 SF

% Leased 0%


CAM Withheld

Retail Avail 4,600 SF

AVAILABLE SPACES


P 1st Retail Direct 4,600 4,600 4,600 Withheld Vacant Negotiable

Jay Roy Company

4600 sq FT of street level improved and functional space on the major retail corridor of Gurnee. Trophy location! This space can be used as a restaurant, pharmacy, urgent care, fitness center, day care/school, Physical Therapy location or any other excellent business idea requiring 4600 sq ft. Surrounded by national tenants and major tourist attraction-Subway, Rosatis, Dunkin Donuts, Starbucks, Six Flags Great America.Rent: $20/sqft



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SALE

For Sale $2,100,000 ($228.26/SF)

Sale Type Investment or Owner User

Status Active

Last Sale

Sold Price $800,000 ($86.96/SF)

Date Apr 2019


TRAFFIC & FRONTAGE

Traffic Volume 30,214 on Grand Ave & N Juniper St SE (2015)

32,291 on Grand Ave & N Dilleys Rd SE (2015)


TRANSPORTATION




Walk Score® Somewhat Walkable (53)


PROPERTY CONTACTS

Primary Leasing Company Jay Roy Company

Po Box 85

Libertyville, IL 60048

(847) 668-5552 (p)

True Owner Gurnee Grand LLC

1520 Artaius Pky


(847) 362-6843 (p)

Previous True Owner First Midwest Bank

8750 W Bryn Mawr Ave

Chicago, IL 60631

(708) 831-7270 (p)

Sales Company Jay Roy Company

Po Box 85


(847) 668-5552 (p)

Recorded Owner Gurnee Grand Llc

1520 Artaius Pkwy


Previous True Owner First Midwest Bank

1601 N Lewis Ave

Waukegan, IL 60085

(847) 244-6000 (p)

(847) 244-7853 (f)



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BUILDING

Type 2 Star Retail Storefront Retail/Office

Tenancy Multi

Year Built 1990

GLA 12,232 SF

Stories 1


LAND

Land Acres 1.38 AC

Zoning C1

Parcel 07-15-106-007

EXPENSES

Taxes $4.21/SF (2019)

TENANTSDancenter North 12,232 SF

SALE

For Sale $2,395,599 ($195.85/SF)

Cap Rate 7.98%


Status Active

TRAFFIC & FRONTAGE

Traffic Volume 30,214 on Grand Ave & N Juniper St SE (2015)

32,291 on Grand Ave & N Dilleys Rd SE (2015)

Frontage 200' on Grand Avenue


TRANSPORTATION








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PROPERTY CONTACTS

Primary Leasing Company Premier Commercial Realty

9225 S Route 31

Lake In The Hills, IL 60156

(847) 854-2300 (p)

(847) 854-2380 (f)

True Owner A B Scott & Company

16370 Thoroughbred Dr

Old Mill Creek, IL 60083

(224) 789-7512 (p)

Sales Company Keller Williams ONEChicago

8750 W Bryn Mawr Ave

Chicago, IL 60631

(312) 471-6444 (p)

(312) 471-6440 (f)

Recorded Owner A B Scott & Company

16370 Thoroughbred Dr

Old Mill Creek, IL 60083

(224) 789-7512 (p)

SALE HIGHLIGHTS

• Located on busy Grand Avenue minutes from I-94

• Street Signage Available

• Open parking for 50+ cars



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5652 Northridge Dr - Outback SteakhouseGurnee, IL 60031 - Far North Submarket

BUILDING

Type 2 Star Retail Restaurant

Tenancy Single

Year Built 1997

GLA 6,132 SF

Stories 1


LAND

Land Acres 1.79 AC

Parcel 07-15-107-001

EXPENSES

Taxes $6.17/SF (2020)

SALE

For Sale $1,350,000 ($220.16/SF)


Status Active

Last Sale

Sold Price $3,400,000 ($554.47/SF)

Date Jun 2007


Financing 1st Mortgage: German American Capital Corporation

Bal/Pmt: $475,000,000/-

TRAFFIC & FRONTAGE

Traffic Volume 32,291 on Grand Ave & N Dilleys Rd SE (2015)

90,454 on I- 94 & Grand Ave N (2020)

Frontage 356' on Grand Ave


TRANSPORTATION


Commuter Rail 17 min drive to Washington St (Grayslake) Station (NCS) Commuter Rail (North Central Service)





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5652 Northridge Dr - Outback SteakhouseGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company Mid-America Real Estate Corp.

410 N Michigan Ave

Chicago, IL 60611

(630) 954-7300 (p)

(630) 954-7304 (f)

Recorded Owner New Private Restaurant Props LLC

2202 N Westshore Blvd

Tampa, FL 33607

(813) 282-1225 (p)

True Owner Outback Steakhouse

137 E Thousand Oaks Blvd

Thousand Oaks, CA 91360

(805) 381-1590 (p)

(805) 381-0091 (f)



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4262 Old Grand AveGurnee, IL 60031 - Far North Submarket

BUILDING

Type 2 Star Retail Freestanding

Tenancy Multi

Year Built 1960

GLA 37,000 SF

Stories 1


LAND

Land Acres 0.91 AC

Zoning C-2

Parcel 07-14-400-032

EXPENSES

Taxes $0.46/SF (2019)

TENANTSMedco Financial Assoc 500 SF

Allstate Insurance Company -

Carol Sterenstein Inc -

Gurnee Barber Shop -

You Have Style -

Zytek Services 500 SF

Antioch Automotive & Towing -

Construction Testing -

Prudential Financial -

SALE

For Sale $1,350,000 ($36.49/SF)

Cap Rate 7.41%


Status Active

Last Sale

Sold Price $950,000 ($25.68/SF)

Date Jan 2008


TRAFFIC & FRONTAGE

Traffic Volume 4,993 on Old Grand Ave & Depot Rd E (2020)

21,095 on State Rte 132 & N Green-leaf Ave E (2015)

Frontage 75' on Old Grand Ave


TRANSPORTATION








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4262 Old Grand AveGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Primary Leasing Company Keller Williams Platinum Partners

800 E Northwest Hwy

Palatine, IL 60074

(847) 241-2200 (p)

True Owner Luigi G Ruffolo

769 Llewellyn Ave

Highland Park, IL 60035

(847) 780-4422 (p)

Sales Company Larr Realty

180 N La Salle St

Chicago, IL 60601

(312) 372-8080 (p)

Recorded Owner Luigi G Ruffolo

769 Llewellyn Ave

Highland Park, IL 60035

(847) 780-4422 (p)



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34498 N Old Walnut CirGurnee, IL 60031 - Far North Submarket

BUILDING

Type 3 Star Retail

Year Built 2004

GLA 7,000 SF

Stories 1



LAND

Land Acres 0.86 AC

Zoning LC, Limited Commercial

Parcel 07-19-401-422

EXPENSES

Taxes $3.37/SF (2019)

TENANTSArt Expressions 3,000 SF

Allstate 1,142 SF

Callan's Financial Svc -

Ce Wurzer Buildings 1,200 SF

C&E Wurzer Construction -

SALE

For Sale $1,400,000 ($200.00/SF)


Status Active

TRAFFIC & FRONTAGE

Traffic Volume 20,365 on Washington St & Old Wal-nut Cir W (2020)

20,365 on Washington St & Cty A22 SW (2020)


TRANSPORTATION







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34498 N Old Walnut CirGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company Keller Williams North Shore West

350 N Milwaukee Ave


(847) 383-6600 (p)

Recorded Owner Sachs Christine Y

380 Prescott Ln

Gurnee, IL 60031

(847) 543-7263 (p)

True Owner Sachs Christine Y

380 Prescott Ln

Gurnee, IL 60031

(847) 543-7263 (p)



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465 N Riverside DrGurnee, IL 60031 - Far North Submarket

BUILDING

Type 4 Star Retail Day Care Center

Tenancy Single

Year Built Feb 2018

GLA 10,000 SF

Stories 1


LAND

Land Acres 3.29 AC

Parcel 07-22-203-016

EXPENSES

Taxes $4.05/SF (2020)

TENANTSThe Learning Experience 10,000 SF

SALE

For Sale $4,296,000 ($429.60/SF)

Cap Rate 6.75%


Status Active

TRAFFIC & FRONTAGE

Traffic Volume 18,085 on Milwaukee Ave & N River-side Dr NE (2015)

27,655 on Grand Ave & Milwaukee Ave NW (2020)

Frontage 292' on N Riverside


TRANSPORTATION







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465 N Riverside DrGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company Colliers

3 Park Plaza

Irvine, CA 92614

(949) 724-5500 (p)

(949) 724-5600 (f)

True Owner Inland Real Estate Group of Compa-nies, Inc.

2901 Butterfield Rd

Oak Brook, IL 60523

(630) 218-8000 (p)

(630) 218-4957 (f)

Previous True Owner Equities Associates Corp. IV

2901 Butterfield Rd

Oak Brook, IL 60523

(630) 218-8000 (p)

Sales Company Colliers

6250 N River Rd

Rosemont, IL 60018

(847) 698-8444 (p)

(847) 698-8445 (f)

Recorded Owner Ice Tle One Llc

465 N Riverside Dr

Gurnee, IL 60031

SALE HIGHLIGHTS

• 12+ Years remaining on 15 Year NNN Corp. Lease by The Learning Experience. 400+ Locations

• Operated by One of the Most Successful TLE Operators across the Nation – 15+ Years of Experience

• 11% Bumps Every 5 Years plus Options – Minimal LL Duties

• Large Parcel Sitting Across from Six Flags Amusement Park



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6030 Grand Ave - Chili'sGurnee, IL 60031 - Far North Submarket

BUILDING


Tenancy Single

Year Built 1993

GLA 5,331 SF

Stories 1


LAND

Land Acres 1.54 AC

Zoning CB2, Gurnee

Parcel 07-16-103-037

EXPENSES

Taxes $8.23/SF (2020)

TENANTSChili's 5,331 SF Sunglass Hut 2,300 SF

SALE

For Sale $3,932,150 ($737.60/SF)

Cap Rate 7.50%


Status Active

Last Sale

Sold Price $3,600,803 ($675.45/SF)

Date Jun 2008


Cap Rate 6.83%

TRAFFIC & FRONTAGE

Traffic Volume 41,828 on Grand Ave & Tri State Pkwy SE (2020)

66,928 on I- 94 & Grand Ave S (2020)



TRANSPORTATION








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6030 Grand Ave - Chili'sGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company KW Commercial

4061 Laurel Canyon Blvd

Studio City, CA 91604

(818) 432-1500 (p)

(818) 432-1501 (f)

Recorded Owner Sherwin Family Ptshp

17240 Palisades Cir

Pacific Palisades, CA 90272

(310) 230-0534 (p)

Previous True Owner GE Capital Franchise Finance Cor-poration

8377 E Hartford Dr

Scottsdale, AZ 85255

(480) 585-4500 (p)

(480) 585-2225 (f)

True Owner Stefanie A. Sherwin

17240 Palisades Cir

Pacific Palisades, CA 90272

(310) 230-0534 (p)

Previous True Owner General Electric Capital Corporation

450 S Orange Ave

Orlando, FL 32801

(407) 540-2000 (p)

(407) 540-2103 (f)

Previous True Owner Brinker Restaurant Corporation

3000 Olympus Blvd

Coppell, TX 75019

(972) 980-9917 (p)

(972) 770-9593 (f)

BUILDING NOTES

Chili’s is located in the northeast quadrant of the main entrance to Gurnee Mills. This site is an out-parcel to Gurnee Mills a 1,800,000 SF mall including Kohl’s, Circuit City, Off 5th-Saks fifth Avenue, Bass Pro shops, Bed Bath & Beyond, Marcus 20 screen cinema, Marshalls, JC Penny Outlet Store, Sears Grand, Sports Authority, TJ Maxx, Nike Outlet, VF Factory Store, H&M, Value City, Burlington Coat Factory, Rainforest Café. Predominant land uses and competitors in the local market includes Lone Star, Red Lobster, Applebee’s, Max & Erma’s, TGI Friday’s, Wal-Mart Supercenter, Sam’s Club, Menards, Petsmart, Best Buy, Home Depot, Office Max, Best Buy, Comfort Inn, Residence Inn, Saturn dealership, Volkswagen dealership and Six Flags Amusement Park.

SALE HIGHLIGHTS

• Corporate - NNN Lease



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BUILDING

Type 3 Star Retail Storefront

Tenancy Single

Year Built 1995

GLA 6,272 SF

Stories 2



LAND

Land Acres 0.83 AC

Zoning C6

Parcel 07-16-103-044

EXPENSES

Taxes $4.57/SF (2019)

TENANTSFastlane Lubemasters 6,272 SF

SPACE FEATURES

• 24 Hour Access • Drive Thru

• Monument Signage • Security System

• Storage Space

SALE

For Sale $1,135,000 ($180.96/SF)


Status Active

TRAFFIC & FRONTAGE

Traffic Volume 40,117 on Grand Ave & Gurnee Mills Cir W W (2015)

41,828 on Grand Ave & Tri State Pkwy SE (2020)



TRANSPORTATION


Commuter Rail 14 min drive to Washington St (Grayslake) Station (NCS) Commuter

Airport 42 min drive to Chicago O'Hare In-ternational Airport





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PROPERTY CONTACTS

Primary Leasing Company Fastlane Lube Masters Inc

17860 W Pond Ridge Cir

Gurnee, IL 60031

(847) 226-1170 (p)

True Owner Fastlane Lube Masters Inc


Gurnee, IL 60031

(847) 226-1170 (p)

Sales Company Tri-State Realty, Inc.

Gurnee, IL 60031

(847) 360-1375 (p)

(847) 360-9667 (f)

Recorded Owner Fastlane Lube Masters Inc


Gurnee, IL 60031

(847) 226-1170 (p)

SALE HIGHLIGHTS

• Monument Sign fronting Grand Avenue

• Automotive or Commercial and Retail Uses

• Redevelopment Opportunity

• Gurnee Mills Outlot with Commercial Building

• Building sq. ft. includes lower level



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BUILDING

Type 2 Star Retail Auto Dealership

Year Built 1998

GLA 45,592 SF

Stories 1


Docks None


LAND

Land Acres 5.46 AC

Zoning GC

EXPENSES

Taxes $0.92/SF (2020)

PARCEL SALE



Status Active

TRAFFIC & FRONTAGE

Traffic Volume 32,246 on Grand Ave & N Grandwood Dr E (2015)

33,271 on W Grand Ave & Grand Ave E (2015)

Frontage 347' on N Oakwood Dr (with 1 curb cuts)

723' on West Grand Avenue (with 1 curb cuts)


TRANSPORTATION


Commuter Rail 9 min drive to Round Lake Beach Station Commuter Rail (North Cen-

Airport 45 min drive to Chicago O'Hare In-ternational Airport


PROPERTY CONTACTS

Primary Leasing Company Bob Rohrman Auto Group

701 Sagamore Pky S

Lafayette, IN 47905

(765) 448-1000 (p)

True Owner Ryan Rohrman

1285 Dundee Rd

Palatine, IL 60074

(847) 590-6100 (p)

Sales Company CBRE

700 Commerce Dr

Oak Brook, IL 60523

(630) 573-7000 (p)

(630) 573-7018 (f)

Recorded Owner Rohrman Robert V

1285 E Dundee Rd

Palatine, IL 60074



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6460 Gurnee Mills Cir WGurnee, IL 60031 - Far North Submarket

BUILDING

Type 2 Star Retail Auto Dealership

Tenancy Multi

Year Built 1980

GLA 36,715 SF

Stories 1



LAND

Land Acres 5.50 AC

EXPENSES

Taxes $2.45/SF (2019)

PARCEL SPACE FEATURES

• Drive Thru • Pylon Sign

• Signage

SALE



Status Active

TRAFFIC & FRONTAGE

Traffic Volume 13,709 on Hunt Club Rd & Westbrook Ln N (2020)

41,828 on Grand Ave & Gurnee Mills Cir W E (2020)

Frontage 491' on Gurnee Mills Way (with 2 curb cuts)

289' on West Grand Avenue

295' on Prairie Creek Dr (with 1 curb cuts)


TRANSPORTATION


Commuter Rail 13 min drive to Round Lake Beach Station Commuter Rail (North Central Service)






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6460 Gurnee Mills Cir WGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company CBRE

700 Commerce Dr

Oak Brook, IL 60523

(630) 573-7000 (p)

(630) 573-7018 (f)

Recorded Owner Ryan Rohrman

1285 Dundee Rd

Palatine, IL 60074

(847) 590-6100 (p)

True Owner Robert Rohrman

1285 E Dundee Rd

Palatine, IL 60074

(847) 991-0444 (p)

BUILDING NOTES

Former Saturn Car dealership



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1207 N Skokie HwyGurnee, IL 60031 - Far North Submarket

BUILDING


Tenancy Single

Year Built 1998

GLA 10,000 SF

Stories 1



LAND

Land Acres 1.00 AC

Zoning B

Parcel 07-14-400-007

EXPENSES

Taxes $5.63/SF (2020)

TENANTSAsian Gourmet 10,000 SF

SALE



Status Active

TRAFFIC & FRONTAGE

Traffic Volume 22,753 on N Delany Rd & Grove Ave N (2015)

40,390 on Skokie Hwy & Cty W27 E (2020)


TRANSPORTATION








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1207 N Skokie HwyGurnee, IL 60031 - Far North Submarket

PROPERTY CONTACTS

Sales Company Citadel Property Advisors, LLC

100 S Wacker Dr

Chicago, IL 60606

(312) 458-4392 (p)

Recorded Owner Yao Yao Corp

1207 N US Highway 41

Gurnee, IL 60031

(847) 675-9827 (p)

True Owner Yao Yao Corp

1207 N US Highway 41

Gurnee, IL 60031

(847) 675-9827 (p)

BUILDING NOTES

Restaurant



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3900 Washington St - Washington CrossingsGurnee, IL 60031 - Far North Submarket

BUILDING

Type 3 Star Retail Storefront Retail/Office (Strip Center)

Tenancy Multi

Year Built 1998

Year Renov 2019

GLA 28,106 SF

Stories 1


Docks None


LAND

Land Acres 2.80 AC

Zoning C-2

Parcel 07-24-307-011

EXPENSES

Taxes $1.62/SF (2020)

TENANTSRebaño Compañerismo Cristiano 2,810 SF

Great Lakes Pain LLC 2,400 SF

Heavenly Beauty Studio 2,000 SF

Desi Needs 1,600 SF

Kihap Martial Arts 1,500 SF

Staffing Network 800 SF

Lloyd Shin Gallery -

Chef Paul Catering 2,400 SF

Prestige Cleaners 2,400 SF

Mr. Pita 2,000 SF

Edward Jones 1,500 SF

Tacos El Durango Mexican Grill 900 SF

The Authentic Cheese Bread 800 SF

SPACE FEATURES

• Air Conditioning • Signage

• Signalized Intersection • Tenant Controlled HVAC

FOR LEASE

Smallest Space

2,400 SF

Max Contigu-ous

2,400 SF

# of Spaces 1

Vacant 2,400 SF

% Leased 91.5%


CAM Withheld

Office/Med Avail

2,400 SF



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AVAILABLE SPACES


P 1st U and T Off/Med Direct 2,400 2,400 2,400 Withheld Vacant Negotiable

Jay Roy Company

Former FURNISHED HIGH END Medical office space (about 6 rooms-3 exam rooms, 3 offices, separate procedure rooms, large waiting room, up for rent for a wide variety of users, including a new medical or other professional office user (law, insurance, real estate, etc.) or space can be used as a larger salon or massage parlor and the like with all the separate rooms as described. This is a very nice space that has been updated with excellent fixtures.

SALE

For Sale $3,900,000 ($138.76/SF)

Cap Rate 8.26%


Status Active

Last Sale

Sold Price $1,615,000 ($57.46/SF)

Date May 2017


Cap Rate 10.00%

TRAFFIC & FRONTAGE

Traffic Volume 27,406 on Cty A22 & Frontage Rd E (2020)

41,658 on Skokie Hwy & Cty A22 S (2020)

Frontage 473' on 436 S Greenbay Rd

307' on Ambrogio Dr (with 1 curb cuts)


TRANSPORTATION








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PROPERTY CONTACTS

Primary Leasing Company Jay Roy Company

Po Box 85


(847) 668-5552 (p)

True Owner Washington Crossing Shopping Center LLC

345 E Westleigh Rd

Lake Forest, IL 60045

(847) 371-1971 (p)

Previous True Owner Imran Hajani

419 Fountain Park Drive

Euless, TX 76039

(817) 757-0311 (p)

Previous True Owner Washington Crossing Partnership

135 N Greenleaf St

Gurnee, IL 60031

Sales Company Jay Roy Company

Po Box 85


(847) 668-5552 (p)

Recorded Owner Washington Crossing Shopping Center LLC

345 E Westleigh Rd

Lake Forest, IL 60045

(847) 371-1971 (p)

Previous True Owner BMO Harris Bank N.A.

111 W Monroe St

Chicago, IL 60603

(888) 340-2265 (p)

BUILDING NOTES

* Ample parking

SALE HIGHLIGHTS

• HEAVY TRAFFIC 30,000+ VPD

• FULLY LEASED WITH VALUE ADD OUTLOT OPPORTUNITY

• NNN LEASED PROPERTY-MINIMAL LANDLORD RESPONSIBILITIES

• LONG TERM REGIONAL AND NATIONAL TENANTS

• HUGE PYLON SIGN



Gurnee Retail - for Sale

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