Contingent

850 N Western Avenue

Lake Forest, Illinois 60045


Christine Ashmore
847.334.3218

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$4,500,000


Square Footage
16,309
Christine Ashmore
847.334.3218
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Property Type
Retail Store
Neighborhood
Lake Forest


Single tenant, NNN property, leased to The Fresh Market: a national, upscale grocery chain with 178 stores in 27 states, with annual sales in excess of $1.8B. Property Improvements include approx. 16,309 sf single story, single tenant building on approx. 35,964 SF lot with on-site, and street parking. The offering is secured by a long term NNN lease and includes a fee simple interest in the land. The Fresh Market signed a 10 year lease that commenced in 2010, and has base rental bumps every 5 years during the initial lease term and option periods contained in the lease. Immediate proximity to the Metra commuter rail station & excellent visibility and ingress/egress from Western Ave. Rare opportunity to acquire a long term net leased property with a national specialty grocery tenant along with the long term benefit of substantial residual value in the underlying land. Property provides a potential value add opportunity as nearby retail rents are much higher than subject property.



Full Features
Built: 2009
Parking Spaces: 33
Cooling System: Central Air,Central Individual
Stories: 1
Current Use: Commercial
Potential Use: Commercial
Zoning: RTAIL
# of Drive-In Doors: 1
Building Square Feet: 16,309
Current Net Income: $26,000


Taxes & Assessments
Taxes: $49,709

Listing Office: Sperry Van Ness

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Lake Forest photo


Lake Forest

Neighborhood — Located 30 miles north of Chicago, Lake Forest features some of the finest estates on the North Shore. Rich in history, the community is known for its lakefront setting, natural beauty and wide-open spaces. It offers quiet tree-lined streets,…

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Nearby Public Transportation

Metra
Union Pacific North, Milwaukee District North

at Lake Forest Metra (0.20 miles away)






850 N Western Avenue Lake Forest, Illinois 60045 is a retail store property, currently listed at $4,500,000. Want to learn more about 850 N Western Avenue Lake Forest, Illinois 60045? Contact an @properties agent to request more info.


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