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Shopping Strip

Round Lake Court | Dollar Tree Anchored Center

270-276 East Rollins Road, Round Lake Beach, IL 60073

Listing Price: $4,400,000

Cap Rate
8.25%
Gross SF
29,547
Rentable SF
29,547
Price/Gross SF
$148.92
Lot Size
7.12 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present Rount Lake Court, Dollar Tree Anchored Center. National tenants include Dollar Tree, Famous Footwear, Sally Beauty Supply and Ann’s Hallmark. Dollar Tree has a new 10-year extension with rent increase in base term and option periods. 75 percent of the gross leasable area is occupied by tenants who have operated in their space since center was constructed. Opportunity to add value and grow returns through leasing the remaining 3,511 square feet of vacant space. High visibility site with multiple points of ingress and egress. Property is well-parked with 497 surface spaces. Located on heavily traveled retail thoroughfare with 33,000 vehicles passing her day.

Investment Highlights

  • National Tenants Include Dollar Tree, Famous Footwear, Sally Beauty Supply and Ann's Hallmark
  • 75 Percent of the Gross Leasable Area is Occupied by Tenants Who Have Operated in Their Space Since Center was Constructed
  • Opportunity to Add Value and Grow Returns Through Leasing the Remaining 3,511 Square Feet of Vacant Space
  • New 10-Year Dollar Tree Extension with Rent Increase in Base Term and Option Periods

Exclusively Listed By

Shopping Strip

Round Lake Court | Dollar Tree Anchored Center

Listing Price: $4,400,000

Cap Rate
8.25%
Gross SF
29,547
Rentable SF
29,547
Price/Gross SF
$148.92
Lot Size
7.12 acres
Year Built
2008

Investment Highlights

  • National Tenants Include Dollar Tree, Famous Footwear, Sally Beauty Supply and Ann's Hallmark
  • 75 Percent of the Gross Leasable Area is Occupied by Tenants Who Have Operated in Their Space Since Center was Constructed
  • Opportunity to Add Value and Grow Returns Through Leasing the Remaining 3,511 Square Feet of Vacant Space
  • New 10-Year Dollar Tree Extension with Rent Increase in Base Term and Option Periods

Investment Overview

Marcus & Millichap is pleased to present Rount Lake Court, Dollar Tree Anchored Center. National tenants include Dollar Tree, Famous Footwear, Sally Beauty Supply and Ann’s Hallmark. Dollar Tree has a new 10-year extension with rent increase in base term and option periods. 75 percent of the gross leasable area is occupied by tenants who have operated in their space since center was constructed. Opportunity to add value and grow returns through leasing the remaining 3,511 square feet of vacant space. High visibility site with multiple points of ingress and egress. Property is well-parked with 497 surface spaces. Located on heavily traveled retail thoroughfare with 33,000 vehicles passing her day.

Exclusively Listed By

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