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Shopping Strip

Grand Hunt Center Outlot

6557 Grand Ave, Gurnee, IL 60031

Listing Price: Request For Offer

Gross SF
21,086
Rentable SF
21,086
Lot Size
2.16 acres
Year Built
1996

Investment Overview

Marcus and Millichap is pleased to exclusively offer Grand Hunt Center, a 100% occupied outlot to a super-regional center. This four-tenant outparcel is 100% occupied by all national tenants, including Dollar Tree, McAlister’s Deli, Helzberg Diamonds, and T-Mobile, and is adjacent to the most visited outlet mall in Illinois, Gurnee Mills. Gurnee Mills had approximately 5.1 million visits in the last 12 months. This property has a 6.2-year WALT and below-market rents with upside potential. It is conveniently situated on an irreplaceable retail intersection seeing 64,000 vehicles per day. This center is an outlot to a major shopping center with many notable tenants, including Target, Home Depot, Mariano’s, Jewel-Osco, Best Buy, T.J. Maxx, Ulta Beauty, and more. Affluent demographics surround subject property with an average household income of $154,000 within one mile. The site is institutionally managed and is in excellent condition. The roofing was replaced in 2014 and it is under warranty through September 2034.

Investment Highlights

  • 100% Occupied Outlot to Super Regional Center with a Strong Tenant Mix of All National Tenants
  • Outlot to Major Shopping Center | Notable Tenants Include Target, The Home Depot, Mariano's, Jewel-Osco, Best Buy, T.J. Maxx, Ulta Beauty, Michaels, and More
  • Situated Right Off of Extremely Heavily Traveled, Stop Light Intersection | 64,800 Vehicles per Day
  • Average Household Income of $154k Within One Mile | $143k Within Three Miles
  • Super Regional Trade Zone | Adjacent to Most Visited Outlet Mall in Illinois
  • 6.2 Year WALT | Below Market Rents with Upside
  • Institutionally Managed | Site in Excellent Condition
  • Adjacent to the Most Visited Outlet Mall in Illinois | Gurnee Mills

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Shopping Strip

Grand Hunt Center Outlot

Listing Price: Request For Offer

Gross SF
21,086
Rentable SF
21,086
Lot Size
2.16 acres
Year Built
1996

Investment Highlights

  • 100% Occupied Outlot to Super Regional Center with a Strong Tenant Mix of All National Tenants
  • Outlot to Major Shopping Center | Notable Tenants Include Target, The Home Depot, Mariano's, Jewel-Osco, Best Buy, T.J. Maxx, Ulta Beauty, Michaels, and More
  • Situated Right Off of Extremely Heavily Traveled, Stop Light Intersection | 64,800 Vehicles per Day
  • Average Household Income of $154k Within One Mile | $143k Within Three Miles
  • Super Regional Trade Zone | Adjacent to Most Visited Outlet Mall in Illinois
  • 6.2 Year WALT | Below Market Rents with Upside
  • Institutionally Managed | Site in Excellent Condition
  • Adjacent to the Most Visited Outlet Mall in Illinois | Gurnee Mills

Investment Overview

Marcus and Millichap is pleased to exclusively offer Grand Hunt Center, a 100% occupied outlot to a super-regional center. This four-tenant outparcel is 100% occupied by all national tenants, including Dollar Tree, McAlister’s Deli, Helzberg Diamonds, and T-Mobile, and is adjacent to the most visited outlet mall in Illinois, Gurnee Mills. Gurnee Mills had approximately 5.1 million visits in the last 12 months. This property has a 6.2-year WALT and below-market rents with upside potential. It is conveniently situated on an irreplaceable retail intersection seeing 64,000 vehicles per day. This center is an outlot to a major shopping center with many notable tenants, including Target, Home Depot, Mariano’s, Jewel-Osco, Best Buy, T.J. Maxx, Ulta Beauty, and more. Affluent demographics surround subject property with an average household income of $154,000 within one mile. The site is institutionally managed and is in excellent condition. The roofing was replaced in 2014 and it is under warranty through September 2034.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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