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Investment Highlights

  • Great Neighborhood and Visibility
  • Turn Key Cash Flow
  • Well Maintained Building

Executive Summary

This fully leased retail strip center is an income-producing asset in a thriving neighborhood setting. The property
features six retail units currently occupied by three established tenants, including two nationally recognized brands.
Leases are all NNN. This investment opportunity offers minimal landlord responsibilities and predictable cash flow. The
property has been professionally managed, and the common areas are well maintained.
The two largest tenants have been on property 10+ years, and all leases have recent renewals.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,941 SF
Building Class
B
Year Built
2006
Price
$2,174,032 CAD
Price Per SF
$273.77 CAD
Cap Rate
7.03%
NOI
$152,925 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
B-2
Parking
35 Spaces (4.37 Spaces per 1,000 SF Leased)
Frontage
146’ on Lakewood Road

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Algonquin Academy-Dance-Music
  • Educational Services
  • 3,968 SF
  • $28.56 CAD
  • Triple Net
  • Sep 2029
  • Educational Services
  • 2,733 SF
  • $29.16 CAD
  • Triple Net
  • Nov 2030

Huntington Learning Center was founded in 1977 to give students personalized academic support, and the company has continued that focus through individualized instruction and diagnostic-based learning plans. The company offers K-12 tutoring, test preparation, study skills support, and online learning options designed to help students build confidence and improve academic performance. Huntington Learning Center serves families through a franchise-based network and remains known for its work in reading, writing, math, science, and college-admissions test prep. The business continues to emphasize customized instruction that adapts to each student’s needs while maintaining a broad presence in the tutoring and test preparation market.

  • State Farm
  • Finance and Insurance
  • 1,240 SF
  • $26.52 CAD
  • Triple Net
  • Apr 2029
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Algonquin Academy-Dance-Music Educational Services 3,968 SF $28.56 CAD Triple Net Sep 2029
Educational Services 2,733 SF $29.16 CAD Triple Net Nov 2030
State Farm Finance and Insurance 1,240 SF $26.52 CAD Triple Net Apr 2029
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
18-14-411-001
Land Assessment
$104,333 CAD
Improvements Assessment
$316,042 CAD
Total Assessment
$420,375 CAD
  • Listing ID: 39481830

  • Date on Market: 2026-02-18

  • Last Updated:

  • Address: 4590 Princeton Ln, Lake In The Hills, IL 60156

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