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Range USA - Recently Extended 15 YR Corporate 19641 NE Frontage Rd 15,080 SF Retail Building Shorewood, IL 60404 $4,150,992 ($275.26/SF) 6.85% Cap Rate
Investment Highlights
- 15.5 Years Remaining on Corporate Lease
- Below Average Price Point for Range USA Net Lease Sales
- Average Household Income Exceeds $120,000 within 3 Miles of the Subject Property
- Above Standard Range USA Increases - 6% Every Five Years with Multiple Renewal Options
- 164,106 Residents within a 5-Mile Radius in Growing Trade Area in Chicago MSA
- Immediately off US-55, Easily Accessible by 80,300+ Cars Per Day
Executive Summary
Range USA, formerly known as Shoot Point Blank, is the nation's leading indoor gun range and retail shops. They are the largest firearm educator in the world, teaching over 75,000 people each year to be responsible gun owners. Since its opening in 2012, Range USA has expanded to 52 locations. Range USA is the world's largest operator of indoor shooting ranges, providing a welcoming environment for shooters of all experience levels with a focus on safety and education.
Shorewood is a village located in Will County, Illinois, approximately 40 miles southwest of downtown Chicago and just west of Joliet. Primarily a residential community, Shorewood had a population of 18,209 according to the 2020 U.S. Census and has experienced steady growth over the past several decades.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
Shorewood is a village located in Will County, Illinois, approximately 40 miles southwest of downtown Chicago and just west of Joliet. Primarily a residential community, Shorewood had a population of 18,209 according to the 2020 U.S. Census and has experienced steady growth over the past several decades.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,080 SF
Building Class
B
Year Built
2019
Price
$4,150,992
Price Per SF
$275.26
Cap Rate
6.85%
NOI
$284,343
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.33 AC
Frontage
500’ on Northeast Frontage Road
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Today, Range USA is the largest operator of indoor shooting ranges in the world. At Range USA they are committed to treating you right every time they have the opportunity. The loyalty of their customers and the diligence of their associates have been the keys to their success. Their attitude is different because they have a clear mission – to develop responsible gun owners. They do this by providing a welcoming, mainstream retail experience with modern, safe indoor ranges for their customers of all experience levels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-06-10-404-001 | Improvements Assessment | $499,644 |
| Land Assessment | $140,752 | Total Assessment | $640,396 |
Property Taxes
Parcel Number
05-06-10-404-001
Land Assessment
$140,752
Improvements Assessment
$499,644
Total Assessment
$640,396
Contacts
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Steven Weinstock -
Marcus & Millichap
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Range USA - Recently Extended 15 YR Corporate | 19641 NE Frontage Rd
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