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2454 Oakton St Evanston, IL 60202

Sponsored
For Sale
$6,295,714

High-ROI Retail Investment. Strong Tenant.

Property size:
67,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 67,800 square foot, single-tenant retail property located at 2454 Oakton St, Evanston, IL 60202. The property, built in 2016 and situated on an 115,535 square foot lot, is currently 100% occupied by TOCA Soccer & Sports Centers under a NNN lease with 9.8 years remaining. The lease features annual 3% rent increases and two 5-year options, ensuring consistent income growth. The property boasts a strong 7.00% cap rate and a Net Operating Income (NOI) of $440,700, with an asking price of $6,295,714 ($92.86/sq ft). TOCA, a rapidly expanding sports facility operator with 35+ locations across the US and Canada, benefits from its prime location within the Chicago MSA, a top-3 US market, and enjoys excellent accessibility via highway and public transit. The surrounding area boasts an average household income exceeding $114,000 within a 10-mile radius, indicating a strong and affluent demographic. This state-of-the-art facility represents a rare opportunity to acquire a high-performing commercial asset in the desirable Chicago North Shore market. The tenant's strong financial backing and proven track record provide significant investor confidence. This is a compelling investment with substantial long-term potential.

Property Features for 2454 Oakton St

General Information

Property type
Retail properties
Square Feet
67,800 SF

Building Details

Year Built
2016

Property Profile Location Intelligence

Current Use by Public Records

TOCA Soccer and Sports ... Sports Complex Chicago Pandas Soccer ... School Center North - Shore Basketball ... Youth Organization

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Evanston
County
Cook
State
Illinois
Longitude
-87.707772
Latitude
42.0248887

FAQs

What type of property is this?
Retail property - High-ROI Retail Investment. Strong Tenant.
Where is this retail property located?
The property is located at 2454 Oakton St Evanston, IL.
What is the asking price?
The asking price for this property is $6,295,714.
More about this property
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