Multi-Tenant Center | Gurnee, IL
For Sale
Multi-Tenant Center | Gurnee, IL
Asking Price: $3,550,000
| Cap Rate: 6.65%
- Net Operating Income: $235,476
- Lease Type: Net
Property Highlights
- 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
- 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