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6050 Gurnee Mills Cir E
Gurnee, IL 60031
Retail Property For Sale
Investment Highlights
- 7 YEAR NET LEASE | 2.0% ANNUAL ESCALATIONS
- HIGH PERFORMING LOCATION | #5 STORE IN STATE OF ILLINOIS
- OUTLOT TO GURNEE MILLS MALL | 10 MILLION ANNUAL VISITORS
- LARGEST ASHLEY FURNITURE FRANCHISEE | 125 LOCATIONS
- REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT
- DOMINANT RETAIL TRADE AREA | TOP 6% RETAIL NODE IN THE COUNTRY
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 44,880 square foot, freestanding Ashley Furniture location located at the entrance to Gurnee Mills Mall off Grand Avenue (US- 132) Gurnee, Illinois. The subject offering features a 7-year net lease with the largest Ashley Furniture franchisee.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,880 SF
Building Class
C
Year Built/Renovated
1992/2024
Price
$7,530,000
Price Per SF
$167.78
Cap Rate
7%
NOI
$527,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
2.34 AC
Zoning
C-6 PUD - Regional Commercial District as a Planned Unit Development
Parking
288 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
387’ on Gurnee Mills Circle East
Amenities
- Signage
Property Taxes
| Parcel Number | 07-16-201-008 | Improvements Assessment | $410,299 |
| Land Assessment | $325,076 | Total Assessment | $735,375 |
Property Taxes
Parcel Number
07-16-201-008
Land Assessment
$325,076
Improvements Assessment
$410,299
Total Assessment
$735,375
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