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Huntington Center 4590 Princeton Ln 7,941 SF 100% Leased Retail Building Lake In The Hills, IL 60156 $1,600,000 ($201.49/SF) 6.95% Cap Rate
Investment Highlights
- Great Neighborhood and Visibility
- Turn Key Cash Flow
- Well Maintained Building
Executive Summary
This fully leased retail strip center is an income-producing asset in a thriving neighborhood setting. The property
features six retail units currently occupied by three established tenants, including two nationally recognized brands.
Leases are all NNN. This investment opportunity offers minimal landlord responsibilities and predictable cash flow. The
property has been professionally managed, and the common areas are well maintained.
features six retail units currently occupied by three established tenants, including two nationally recognized brands.
Leases are all NNN. This investment opportunity offers minimal landlord responsibilities and predictable cash flow. The
property has been professionally managed, and the common areas are well maintained.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,941 SF
Building Class
B
Year Built
2006
Price
$1,600,000
Price Per SF
$201.49
Cap Rate
6.95%
NOI
$111,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
B-2
Parking
35 Spaces (4.37 Spaces per 1,000 SF Leased)
Frontage
146’ on Lakewood Road
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-14-411-001 | Improvements Assessment | $232,469 |
| Land Assessment | $76,744 | Total Assessment | $309,213 |
Property Taxes
Parcel Number
18-14-411-001
Land Assessment
$76,744
Improvements Assessment
$232,469
Total Assessment
$309,213
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Huntington Center | 4590 Princeton Ln
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