4830 Grand Ave - Drug Store FOR SALE


Gurnee, IL 60031
$4,154,000 USD
949-724-5552
4830 Grand Ave, Gurnee, IL for Sale
$4,154,000 USD
Drug Store - FOR SALE
1/6
null | 6.5% Cap Rate

4830 Grand Ave
Gurnee, IL 60031


HIGHLIGHTS

  • Strong Store Sales Volume
  • STNL Walgreens (Fee Simple) – Investment Grade Credit Tenant Rated “BBB-” by Fitch
  • Recently Executed 5 Year Lease Extension – Showcasing Strength of this Location
  • Approximately 4 Lease Years Remaining – Net Leased Asset Minimal Landlord Responsibilities

OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase a single tenant net leased investment (fee simple) that is fully occupied by Walgreens with approximately 4 lease years remaining and seven (7), five (5) year option periods. Showcasing the strength of this retail location, Walgreens has just elected to extend the lease through December 2026. Located in Gurnee, IL, the subject property is positioned at the intersection of Grand Ave and Riverside Dr which has over 29,500 VPD and is located near major traffic generators such as Six Flags Great America and just off Interstate 94. This is an excellent opportunity to own an investment grade credit tenant (rated “BBB-” by Fitch) on a hard corner signalized intersection with approximately 4 lease years remaining and minimal landlord obligations.

FOR SALE DETAILS

PRICE

$4,154,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Strong Store Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

07-14-301-023

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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