This Retail Property is Off-Market.

1050 Algonquin Road
Lake in the Hills, IL 60156 ·

10,545 SF · Retail For Sale

N/A

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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%
Property Type Retail Occupancy 100%
Property Sub-type
Strip Center
More...
  • Free Standing Bldg
  • Vehicle Related
  • Neighborhood Center
Tenancy Multiple
Listing ID: 17211455 Date Created: 06/21/2011 Last Updated: 11/02/2011

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Lake in the Hills Market Trends - Asking price index trends, sale price trends, asking rent trends

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