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LAKEVIEW PLAZA | ADD-VALUE OPPORTUNITY | NAPA AUTO PARTS ANCHORED

$4,790,000 | 5.23%

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41-193 South Rand Road
Lake Zurich, Illinois 60047

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Under Contract

Features

  • 13.51% Pro-Forma Cap Rate | Significant Value-Add Opportunity with 43% Vacancy to be Leased
  • Multi-Tenant Shopping Center Anchored by NAPA Auto Parts
  • Annual Rental Increases Between 1% and 3% for A-1 Cleaners, Kavkaz Grill and Bakery, Foot Place, SOL, BeerAbility, and Yin Yang Pilates & Yoga
  • Long Operating History
  • Situated on a Heavily Traveled, Signalized, Hard-Corner Intersection | 40,750 Total Vehicles Pass per Day
  • Located on a Major Retail Thoroughfare Just North of the Rand Road and Route 22 (Main Street) Intersection
  • Attractive Real Estate
  • Populated, Affluent Area | 38,641 People Live Within Three Miles of Subject Property with an Average Household Income of $187,002

Contact

AUSTIN WEISENBECK
Senior Vice President Investments
Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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