1388 S US Highway 12 - Storefront Retail/Office FOR SALE


Fox Lake, IL 60020
$3,950,000 USD
847-302-5550
1388 S US Highway 12, Fox Lake, IL for Sale
$3,950,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.32% Cap Rate

1388 S US Highway 12
Fox Lake, IL 60020


HIGHLIGHTS

  • 100% Occupancy
  • 5+ Yr Ave Weighted Lease Term Remaining
  • Strong NOI $200k

OVERVIEW

Fully occupied Retail Strip Center, located on busy US Hwy RT12/Rand Rd and situated on out lot to Menards Building Center, is offered for sale. This 8,000sf center features five (5) strong, tenants, with lease terms beginning in 2004, 2012, 2013, 2016 and 2022, remaining weighted average lease term of 5.3 years, plus future 5 yr renewal options. High daily traffic flow with surrounding established businesses including Menards Home Improvement Center, Jewel Osco Grocery, The Home Depot, Aldi Grocery, Starbucks, Sherwin Williams and others. Excellent exposure to RT 12, this location is considered the entry to the Chain of Lakes, one of the most popular leisure destinations in the country drawing 60,000 visitors over the summer and as high as 100,000 during the holidays. Contact, Broker Joe H for Income/Expense and Rent Roll.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

5.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1388 S US Hwy 12, Fox Lake, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

B3, Fox Lake

APN/PARCEL ID

05-22-302-001

ASK ABOUT THIS PROPERTY

Joe HeffernanKW Commercial, Keller Williams Success RealtyMore Info
847-302-5550

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Joe HeffernanKW Commercial, Keller Williams Success RealtyMore Info
847-302-5550

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