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3550 W Grand Ave
Gurnee, IL 60031
Harbor Freight Tools · Retail Property For Sale
PROPERTY FACTS
ABOUT 3550 W GRAND AVE , GURNEE, IL 60031
A Corporate Harbor Freight Tools with 10 years remaining, located in Gurnee, IL. The lease structure is double-net with two 5-year options, and rent increases every 5 years. Harbor Freight recently waived the kickout clause in the lease, and extended the initial term by 4 years, demonstrating its commitment to the site. The subject property is located on Grand Avenue in a dense retail node, and benefits from traffic counts that exceed 28,500 VPD. Gurnee is within the Chicago MSA, which is the 3rd largest MSA in the U.S., and has a population exceeding 9.5 million. The subject property is in close proximity to Six Flags Great America, which acts as a regional draw with 15 roller coasters, a 20-acre water park, and themed children’s areas with over 30 rides. Harbor Freight is also just 5 miles away from Gurnee Mills, an outlet mall which features over 200 national retailers. A combined 26+ million people visit these two attractions each year, creating a significant draw to the area.
PROPERTY TAXES
| Parcel Number | 07-13-421-006 | Improvements Assessment | $260,192 |
| Land Assessment | $196,320 | Total Assessment | $456,512 |
PROPERTY TAXES
