168 Peterson Rd - Freestanding FOR SALE


Libertyville, IL 60048
$2,162,000 USD
312-224-3160
168 Peterson Rd, Libertyville, IL for Sale
$2,162,000 USD
Freestanding - FOR SALE
1/6
null | 8.21% Cap Rate

168 Peterson Rd
Libertyville, IL 60048


HIGHLIGHTS

  • Strategic Geographic Location Which Serves as Regional Hub for Chicagoland
  • Highly Passive Modified Net Lease Structure
  • Diverse Contributions to Income Stream Including Building, Cell Tower, Parking Lot

OVERVIEW

The Newmark Midwest Capital Markets team is pleased to offer qualified investors the opportunity to acquire the St. Vincent de Paul Thrift Store and Distribution Center located in Libertyville, Illinois (the “Offering”). The Offering also includes a cell tower located in the northwest corner of the Property that features two (2), long-term leases with American Tower and T-Mobile. The Offering sits on a large 2.08 acre parcel which includes a vacant lot immediately west of the St. Vincent de Paul facility that has been leased by TransCargo on a month-to-month basis for approximately fifteen (15) years. The St. Vincent de Paul, American Tower, and T-Mobile leases all feature contractual rental increases that help to increase yield over the term of the investment. The Offering represents a consolidation of several former St. Vincent de Paul locations around Lake County and is perfectly suited for the tenant, allowing them space for their traditional thrift / retail store, while also providing a facility to receive, sort, and distribute donations. Significant Landlord and Tenant investment has been made to optimize the Offering for St. Vincent de Paul. The Offering also happens to sit at one of the highest points in Lake County, making it an ideal location for a cell phone tower. Additionally, the Village of Libertyville has restricted new cell tower development, which only adds to the long term prospects of this income stream remaining.

FOR SALE DETAILS

PRICE

$2,162,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Route 137-High Visibility

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

C-3

APN/PARCEL ID

11-09-100-011,11-09-101-002,11-09-101-003

ASK ABOUT THIS PROPERTY

Andy GallasNewmarkMore Info
312-224-3160

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Andy GallasNewmarkMore Info
312-224-3160

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