1050 Algonquin Road
Lake in the Hills, IL 60156 ·
10,545 SF · Retail For Sale
100% Occupied Car Care Center | 9.63% Cap
|Price||N/A||Property Use Type||Net Lease Investment with 5 years left on lease|
|Gross Leasable Area||10,545 SF||Cap Rate||9.63%|
|Listing ID: 17211455||Date Created: 06/21/2011||Last Updated: 11/02/2011|
Marcus & Millichap presents a 10,545-square foot Auto Care Center in Algonquin Road in Lake in the Hills, Illinois.
The property is currently 100 percent occupied with three tenants that complement each others' services: Marco Muffler & Brakes, Weber Automotive, and Handle With Care Carwash. The subject property is located along one of the northwestern suburbs' major thoroughfares, Algonquin Road, and located between downtown Algonquin and the Randall Road retail corridor. The subject property has excellent visibility and recent capital improvements to the facade and parking lot.
Lake in the Hills is a northwestern suburb of Chicago, which has experienced steady growth in population and affluence. Since 1990 the population increased by 17,000 people, nearly a 400 percent increase, making it one of the fastest growing suburbs in the nation. Along with the residential growth and increasing prosperity in the village, the demand for retail and service businesses has increased along Algonquin and Randall Roads.
- 100% Occupied: Marco Muffler & Brakes, Weber Automotive and Handle with Care Carwash
- Recent Capital Improvements to Facade and Parking Lot
- Tenant's Complement Each Others' Services Well
- Strategically Located Between Downtown Algonquin and Randall Road Retail Corridor
- Sound Demographics - $98,000 Three Mile Average Household Income
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