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Oportun 2000 W Grand Ave 1,500 SF Retail Building Waukegan, IL 60085 $512,471 ($341.65/SF) 8.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Attractive Rent Increase
- Minimal Management Responsibilities
- Traffic Counts
- Dynamic Tenant
- Prime Retail Location
- Strong Demographics
EXECUTIVE SUMMARY
The Property is extremely well located along Grand Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to shopping centers, national and local retailers, restaurants, and businesses, all of which drive traffic to the area. Oportun is within minutes of several area schools and is surrounded by residential neighborhoods providing a built-in customer base. Additionally, the Property is convenient to Lake Michigan, Waukegan Municipal Beach, and the area’s highways.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Acceptance Insurance is a proud member of Confie, the largest personal lines agency in the U.S. They believe in investing in the communities they serve by offering affordable insurance solutions so their customers can have peace of mind. Their agents and team members uphold values, which include promoting excellence, responsibility and caring. Acceptance has been in business since 1969. They offer their services so they come to their clients to help find the solutions needed, regardless of background and driving record. They offer easy solutions to meet unique needs.
Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than $9.8 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The Company recently applied for a national bank charter to expand its services and make its products available in all 50 states.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Finance and Insurance | - | - | - | ||
|
Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-17-321-027 | Improvements Assessment | $47,169 |
| Land Assessment | $37,576 | Total Assessment | $84,745 |
PROPERTY TAXES
Presented by
Oportun | 2000 W Grand Ave
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