Historical Retail Sale Listing - 100% Occupied Car Care Center | 9.63% Cap

Retail For Sale

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100% Occupied Car Care Center | 9.63% Cap

1050 Algonquin Road, Lake in the Hills, IL 60156

N/A

10,545 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
10,545 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Free Standing Bldg
Vehicle Related
Neighborhood Center
Property Use Type:
Net Lease Investment with
5 years left on lease
Cap Rate:
9.63%
Occupancy:
100%
Tenancy:
Multiple
Listing ID
17211455
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 1050 Algonquin Road, Lake in the Hills, IL 60156 (McHenry County)

Research for 1050 Algonquin Road, Lake in the Hills, IL 60156 (McHenry County)

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