6609 Grand Ave - Storefront FOR SALE


Gurnee, IL 60031
$4,368,571 USD
404-441-3849
6609 Grand Ave, Gurnee, IL for Sale
$4,368,571 USD
Storefront - FOR SALE
1/5
null | 7% Cap Rate

6609 Grand Ave
Gurnee, IL 60031


HIGHLIGHTS

  • Long Term Operating History
  • Top Visited Location
  • Near Term Bump - Recently Extended Net Lease

OVERVIEW

CBRE is pleased to exclusively offer for sale a 22,768-square-foot La-Z-Boy situated on 0.64 acres in Gurnee, IL—a component of the Chicago, IL MSA (Population 9.28M+). La-Z-Boy‘s net lease features ±6.6 years of term remaining with a 5% rent increase in 2026 and 10% in each of the two 5-year renewal options.

FOR SALE DETAILS

PRICE

$4,368,571 USD

PRICE/SF

$192 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La-Z-Boy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

C-2 PUD

APN/PARCEL ID

07-17-202-004

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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