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Brakes Plus - Mavis Corporate Guaranty 611 S MacArthur Blvd 4,650 SF Retail Building Coppell, TX 75019 $2,528,727 ($543.81/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location in the Dallas–Fort Worth MSA – Income Tax-Free State
- Long-Term NNN Lease with Scheduled Rental Increases
- Excellent Traffic Counts
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Northwestern Medicine located at 6155 W Grand Ave, Gurnee, IL, 60031. The site consists of roughly 26,270 rentable square feet of building space on an estimated 2.29-acre parcel of land. This Northwestern Medicine is subject to a 15-year Double Net (NN) lease, which commenced 7/12/2021. The current annual rent is $1,118,649 and has scheduled increases of 1.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,650 SF
Building Class
B
Year Built
1996
Price
$2,528,727
Price Per SF
$543.81
Cap Rate
5.50%
NOI
$139,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.72 AC
Zoning
Z31
Parking
14 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
200’ on South Macarthur Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18002760010030000 | Improvements Assessment | $366,770 |
| Land Assessment | $344,040 | Total Assessment | $710,810 |
PROPERTY TAXES
Parcel Number
18002760010030000
Land Assessment
$344,040
Improvements Assessment
$366,770
Total Assessment
$710,810
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Brakes Plus - Mavis Corporate Guaranty | 611 S MacArthur Blvd
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