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2975 W Sand Lake Rd
Lindenhurst, IL 60046
Camp Bow Wow · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Long Term Lease
  • Tenant's Capital Improvements
  • Minimal Landlord Responsibilities
  • Development Potential
  • Dynamic Tenant
  • Strong Demographics

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 2975 W Sand Lake Road in Lindenhurst, Illinois (the “Property”). The single-tenant building is leased to Camp Bow Wow and contains 5,449 square feet on a large 7.22-acre parcel. Camp Bow Wow has 8+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase in 2027 and shall be set to fair market rent at the start of each renewal option. Additionally, the Property has excess land at the rear of the lot, approximately 3-acres, that can be developed or separated and sold as a development opportunity. The Property is well located along Sand Lake Road and enjoys outstanding frontage and visibility. The Property is 0.4-miles from US Route 45, one of the area’s primary commuter corridors, 1-mile from IL Route 132, the area’s primary commercial corridor, and 4-miles from Interstate 94. The Property is surrounded by densely developed residential neighborhoods providing a built-in customer base. Lindenhurst is in Lake County, approximately 45 miles northwest of Chicago. Lake County is the third most populous county in Illinois (out of 102 counties) and one of the most affluent in the state.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,449 SF
Building Class
C
Year Built
2003
Price
$1,388,940 CAD
Price Per SF
$254.90 CAD
Cap Rate
7.05%
NOI
$97,975 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
7.22 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-01-400-024
Land Assessment
$124,276 CAD
Improvements Assessment
$190,078 CAD
Total Assessment
$314,354 CAD
  • Listing ID: 32463205

  • Date on Market: 2024-07-15

  • Last Updated:

  • Address: 2975 W Sand Lake Rd, Lindenhurst, IL 60046

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