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Shopping Strip

The Shops of Northwind

1745 Northwind Blvd, Libertyville, IL 60048

Listing Price: $3,089,500

Cap Rate
8.10%
Gross SF
20,416
Rentable SF
20,416
Price/Gross SF
$151.33
Lot Size
2.60 acres
Year Built
2006

Investment Overview

Marcus & Millichap presents The Shops of Northwind, a 20,416-square-foot service-oriented center in the affluent Lake County suburb of Libertyville, Illinois. The building boasts excellent curb appeal, class A construction, and professional landscaping.

The property is strategically positioned across from the 160,000-square-foot Calan Sports Complex and just off the intersection of Peterson Road and U.S. Route 45, which sees over 34,000 vehicles per day. It is 100 percent occupied by four tenants operating under a mix of Net, modified gross, and gross leases. The average weighted lease term remaining is five and a half years, providing consistent cash flow for years.

Demographics in Libertyville are exceptionally strong, with average household incomes of $248,869 annually within a one-mile radius and over 38,000 people within a three-mile radius. Libertyville schools are recognized for offering some of the best public education in the Chicagoland area.

This well-established retail center offers significant potential for long-term growth. As construction costs continue to rise, the development of new retail centers has slowed considerably, making properties like this one more likely to maintain full occupancy. This stability creates opportunities to increase rental rates and renegotiate leases under more favorable terms.

Investment Highlights

  • 100 Percent Occupied by Four Service-Oriented Tenants that Operate Under a Mix of Gross and Double-Net leases, with an Average Remaining Lease Term of Five and a Half Years
  • This Well-Established Retail Center with Drive-Thru Capability is Expected to Maintain Full Occupancy as Construction Costs rise and New Retail Developments have Slowed Down
  • Strong Demographics- Average Household Income of $248,869 within a One-mile Radius and Over 38,000 People within a Three-mile radius
  • Adjacent to the 160,000-Square-Foot Calan Sports Complex located at Peterson Road and U.S. Route 45, which Sees 34,000 Vehicles per Day

Exclusively Listed By

Financing By

Shopping Strip

The Shops of Northwind

Listing Price: $3,089,500

Cap Rate
8.10%
Gross SF
20,416
Rentable SF
20,416
Price/Gross SF
$151.33
Lot Size
2.60 acres
Year Built
2006

Investment Highlights

  • 100 Percent Occupied by Four Service-Oriented Tenants that Operate Under a Mix of Gross and Double-Net leases, with an Average Remaining Lease Term of Five and a Half Years
  • This Well-Established Retail Center with Drive-Thru Capability is Expected to Maintain Full Occupancy as Construction Costs rise and New Retail Developments have Slowed Down
  • Strong Demographics- Average Household Income of $248,869 within a One-mile Radius and Over 38,000 People within a Three-mile radius
  • Adjacent to the 160,000-Square-Foot Calan Sports Complex located at Peterson Road and U.S. Route 45, which Sees 34,000 Vehicles per Day

Investment Overview

Marcus & Millichap presents The Shops of Northwind, a 20,416-square-foot service-oriented center in the affluent Lake County suburb of Libertyville, Illinois. The building boasts excellent curb appeal, class A construction, and professional landscaping. The property is strategically positioned across from the 160,000-square-foot Calan Sports Complex and just off the intersection of Peterson Road and U.S. Route 45, which sees over 34,000 vehicles per day. It is 100 percent occupied by four tenants operating under a mix of Net, modified gross, and gross leases. The average weighted lease term remaining is five and a half years, providing consistent cash flow for years. Demographics in Libertyville are exceptionally strong, with average household incomes of $248,869 annually within a one-mile radius and over 38,000 people within a three-mile radius. Libertyville schools are recognized for offering some of the best public education in the Chicagoland area. This well-established retail center offers significant potential for long-term growth. As construction costs continue to rise, the development of new retail centers has slowed considerably, making properties like this one more likely to maintain full occupancy. This stability creates opportunities to increase rental rates and renegotiate leases under more favorable terms.

Exclusively Listed By

Financing By

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