Net Leased Retail
For Sale
Contact for pricing
Pending
4806 Grand Ave, Gurnee, IL 60031
Fully occupied by Ace Hardware with 9 years remaining and lease term extending to 2030.
Property SizeContact for details
Days on Market134
Property Features for 4806 Grand Ave
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
29,500 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Jereme Snyder · License #CA 01360233
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 22 at 4:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This single-tenant net leased retail investment is offered in fee simple and is currently fully occupied by Ace Hardware. The lease has 9 years remaining. In 2016, with 4 years remaining on the prior term, Ace Hardware extended the lease by 10 additional years, moving the expiration from 2020 to 2030. Rental increases are scheduled every 5 years. The property also benefits from an operational history at this location of more than 45 years.
The asset is positioned at the intersection of Grand Ave. and Riverside Dr., where traffic counts are reported at over 29,500 vehicles per day. It is also located less than 0.5 miles from Six Flags Great America, which recorded over 3 million visitors in 2018.
For investors seeking a long-dated, single-tenant net lease structure backed by an established operator, this purchase presents a stabilized profile with contractual rent step-ups in place.
The asset is positioned at the intersection of Grand Ave. and Riverside Dr., where traffic counts are reported at over 29,500 vehicles per day. It is also located less than 0.5 miles from Six Flags Great America, which recorded over 3 million visitors in 2018.
For investors seeking a long-dated, single-tenant net lease structure backed by an established operator, this purchase presents a stabilized profile with contractual rent step-ups in place.
Key Highlights
- Single‑tenant net leased (fee simple) property fully occupied by Ace Hardware
- Lease has 9 years remaining, with the expiration extended to 2030
- Ace Hardware extended the lease in 2016, moving the expiration from 2020 to 2030
Property Analytics
Property Profile
Current Use
Lease Details
29,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Home Improvements & Furnishings 20%
Dining 8%
BP
Shops & Services
13,556 visits/mo
0.1 miles
Consumers Credit Union
Shops & Services
7,327 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
6,676 visits/mo
0.0 miles
Fifth Third Bank & ATM
Shops & Services
3,147 visits/mo
0.1 miles
HoneyBaked Ham
Dining
1,998 visits/mo
0.1 miles
Demographics for 60031, IL
37,650
Population
14,796
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
95%
High-School Grad
19.0 sq mi
ZIP Area
1,982
Density / Sq Mi
$114,008
Median Household Income
$56,770
Median Earnings
$1,601
Median Rent
$322,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied by Ace Hardware with 9 years remaining and lease term extending to 2030.
Where is this retail space located?
The property is located at 4806 Grand Ave Gurnee, IL.
What are key features of this property?
This property features: Single‑tenant net leased (fee simple) property fully occupied by Ace Hardware; Lease has 9 years remaining, with the expiration extended to 2030; Ace Hardware extended the lease in 2016, moving the expiration from 2020 to 2030
