Net Leased Retail
4806 Grand Ave Gurnee, IL 60031
For Sale
Contact for pricing
Pending
Fully occupied by Ace Hardware with 9 years remaining and lease term extending to 2030.
Days on Market104
Property Features for 4806 Grand Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Jereme Snyder · License #CA 01360233
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 22 at 6:03PM
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
Location Intelligence
Current Use by Public Records
KeyExpress Locksmiths
Locksmith
CoinFlip Bitcoin ATM
Bank
Ace Hardware in Gurnee ...
Building Supply
FAQs
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
