Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1995
Building Area Net
Occupancy 44.0 %
Call for Offers

Property description

Property Address: 5320-5340 Grand Ave, Gurnee, IL 60031

Property Size: 56,364 sf

Occupied: 44%

Year 1 NOI: $225,533

Stabilized NOI: $781,076

Tenants: JC Licht, Ryse Athletic Club, Army National Guard, Royal Thai & Ichiban Steakhouse


Investment highlights

Proximity to Highway:

  • Exit ramp from I-94 serving 86,300 vehicles per day, located 0.5 Miles from the property

Value-Add Opportunity:

  • Vacant Lease Up Opportunity for 31,534 SF Suite

Tourist Destination:

  • Six Flags: 3.2M Visits Annually → 0.5 Miles Away
  • Gurnee Mills: 10.1M Visits Annually → 1.2 Miles Away

Favorable Consumer Trade Area:

  • 48,189 Households (5 mi)
  • Average Household Income of $95,994 (5 mi)
  • Daytime population of 130,285 people (5 mi)
  • Buying Power of $4.63 B (5 mi)

5-Year CAGR: 29.13%


Strong Visibility

  • Entrances on Grand Ave & Lawson Blvd with Pylon Signage at each entrance point


Internet Resistant Tenancy


Free & Clear Offering

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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