Renovated Corporate NNN Retail
For Sale
Contact for pricing
7505 Hancock Dr, Wonder Lake, IL 60097
Fully renovated store leased under a new 10-year agreement with minimal landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 7505 Hancock Dr
General Information
Standard status
Active
Property subtype
Retail
Financials
Asking Price
$1,308,888
Cap Rate
7.65%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
LemRx Realty Advisors
Listed By:
Dan Lem · License #CA 00930322
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 4:10PM
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 LemRx Realty Advisors
Investment Insights
Based on property information with market context.
This NNN retail property features a fully renovated Dollar Tree store subject to a new 10-year lease. The agreement provides four additional five-year renewal options, while landlord responsibilities are described as minimal. The lease is corporately guaranteed by Dollar Tree, which carries an S&P “BBB” investment-grade rating. Rent commencement is expected in February 2023.
The store is positioned just off the intersection of Hancock Dr. and E Wonderlake Dr. in Wonder Lake, Illinois. The surrounding commercial setting includes Wonder Lake Marina and Subway. The property is approximately 65 miles from Chicago and offers a 7.65% cap rate.
The store is positioned just off the intersection of Hancock Dr. and E Wonderlake Dr. in Wonder Lake, Illinois. The surrounding commercial setting includes Wonder Lake Marina and Subway. The property is approximately 65 miles from Chicago and offers a 7.65% cap rate.
Key Highlights
- Fully renovated Dollar Tree store
- New 10‑year lease with four 5‑year renewal options
- Corporate lease guarantee from Dollar Tree, rated S&P “BBB” investment grade
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
BP
Shops & Services
7,054 visits/mo
0.1 miles
Dollar Tree
Shops & Services
4,039 visits/mo
0.1 miles
SUBWAY
Dining
1,494 visits/mo
0.1 miles
Banfield Pet Hospital
Shops & Services
1,042 visits/mo
0.5 miles
Demographics for 60097, IL
10,849
Population
4,446
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
678
Density / Sq Mi
$90,865
Median Household Income
$48,168
Median Earnings
$1,369
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully renovated store leased under a new 10-year agreement with minimal landlord responsibilities.
Where is this nnn property located?
The property is located at 7505 Hancock Dr Wonder Lake, IL.
What are key features of this property?
This property features: Fully renovated Dollar Tree store; New 10‑year lease with four 5‑year renewal options; Corporate lease guarantee from Dollar Tree, rated S&P “BBB” investment grade
