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- LoopNet Team
1400 Lewis Ave
North Chicago, IL 60064
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-Year NNN Lease with Family Dollar (Nasdaq DLTR)
- 95,000 people in a 3-mile radius, 35 miles north of Chicago
- Hard corner location at a signalized intersection
- Recession Resistant business with over $23.6 Billion in Revenue
- New construction in 2018, 12.8 years remain on initial lease term
- 10% increase in 2029, and each of the six (6) five (5) year option periods
PROPERTY FACTS
ABOUT 1400 LEWIS AVE , NORTH CHICAGO, IL 60064
The subject property is a Family Dollar (Nasdaq DLTR) store at 1400 Lewis Avenue in North Chicago, Illinois. The 8,320 square feet building was constructed in 2018 and sits on a 1.27-acre parcel. Located at the corner of Lewis Avenue and 14th street, the property is located at a signalized intersection with traffic counts on Lewis Avenue over 13,988 vehicles per day. The fifteen-year lease runs through March 31, 2033 and features a 10% increase in 2029 and each of the six (6) five (5) year option periods. The lease is NNN with the tenant responsible for roof and structure. Presently, there are approximately 12.8 years remaining on the initial term.
PROPERTY TAXES
| Parcel Number | 08-32-304-033 | Improvements Assessment | $351,547 |
| Land Assessment | $22,375 | Total Assessment | $373,922 |
PROPERTY TAXES
