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Chili's 6030 Grand Ave 5,635 SF Retail Building Gurnee, IL 60031 $3,200,000 ($567.88/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • NNN Lease
  • Corporate guarantee
  • Approximately 8 years of term remaining

EXECUTIVE SUMMARY

KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 8 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,635 SF
Building Class
B
Year Built/Renovated
1993/2021
Price
$3,200,000
Price Per SF
$567.88
Cap Rate
5.75%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.54 AC
Zoning
C-6 - Regional Commercial District
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
448’ on Grand Ave

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Chili’s Grill & Bar is in the business of making everyone feel special. In everything they do, they have to ask themselves if they’re putting the Guest first and making sure they’ll come back for more. Their Cultural Beliefs bring that passion to life and shape who they are as a company and as the people who live and breathe inside of it. They’re more than mere transactions – they’re people connecting with people! If their beliefs are strong, their actions will match. And that’s how they create memorable experiences and real results. As food on their menu comes in all shapes, sizes and flavors, no two Team Members are the same, and that’s the way they like it. It’s quite simple: They believe a diverse, equitable and inclusive workplace is good for Team Members, Guests, and the communities they serve. Their Team Members and Guests are diverse in gender, race, ethnicity, sexual orientation, disability, religion, age, cultural background and life experience.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Red Lobster
Denny's
MOD Pizza
Navy Federal Credit Union
Teriyaki Madness
Starbucks
Outback Steakhouse
Buffalo Wild Wings
Rainforest Café
Little Tokyo

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-16-103-037
Land Assessment
$355,445
Improvements Assessment
$157,220
Total Assessment
$512,665
  • Listing ID: 39223355

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 6030 Grand Ave, Gurnee, IL 60031

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