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Verizon - New 10 Yr Lease 31450 US 12 Hwy 3,000 SF Retail Building Lakemoor, IL 60051 $3,424,000 ($1,141.33/SF) 6.50% Cap Rate
Investment Highlights
- Brand New 10-Year Lease - 2026 Construction - Chicago MSA
- Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
- Situated at Lakewood's Primary Retail Intersection, Outparcel to Woodman's Food Market and Adjacent to National Tenants: Starbucks, Chipotle, etc.
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Affluent Trade Area - Average Household Income Exceeds $162,000 within 1 Mile
- High Traffic Location Near the Corner of North US Highway 12 and West Belvedere Road (±59,600 Combined Cars per Day at the Intersection)
Executive Summary
Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network. For residential customers, Verizon FiOS is America’s largest 100% fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality.
The Village of Lakemoor is located in Lake and McHenry counties in Illinois. Lakemoor is strategically located in the Chicago metro area and is home to high traffic regional transportation corridors, making it easily accessible by nearby communities.
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
The Village of Lakemoor is located in Lake and McHenry counties in Illinois. Lakemoor is strategically located in the Chicago metro area and is home to high traffic regional transportation corridors, making it easily accessible by nearby communities.
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2026
Price
$3,424,000
Price Per SF
$1,141.33
Cap Rate
6.50%
NOI
$222,581
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.99 AC
Frontage
436’ on North US Highway 12
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 7
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