Absolute NNN Retail Ground
For Sale
Contact for pricing
940 E Rand Rd, Mount Prospect, IL 60056
Absolute NNN ground lease with 12.4 years remaining, leased to an investment-grade tenant with an S&P A credit rating.
Property Size2,695 SF
Price / SF$1,135
Days on Market140
Property Features for 940 E Rand Rd
General Information
Standard status
Active
Size
2,695 SF
Property subtype
RETAIL
Listing Agency:
JLL - Corporate
(312) 228-2867
Listed By:
Mohsin Mirza · License #475189943
Source:
Moodyscre
Added: Mar 13
Changed: Jul 26
Last Checked: Jul 29 at 3:48PM
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 JLL - Corporate
Investment Insights
Based on property information with market context.
This property is offered under an absolute NNN ground lease structure with 12.4 years of remaining term. The lease is held by an investment-grade tenant with a strong credit rating (S&P: A).
The asset is located near a highly trafficked Walmart and Menards, which together attract more than 3.1 million visitors annually. Local demographics indicate an average household income of $162,000 within a one-mile radius.
The property is presented for sale as a specialty/NNN investment.
The asset is located near a highly trafficked Walmart and Menards, which together attract more than 3.1 million visitors annually. Local demographics indicate an average household income of $162,000 within a one-mile radius.
The property is presented for sale as a specialty/NNN investment.
Key Highlights
- Absolute NNN ground lease with 12.4 years of remaining term
- Leased to an investment‑grade tenant with S&P A credit rating
- Near a highly trafficked Walmart and Menards attracting 3.1+ million visitors annually
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease with 12.4 years remaining, leased to an investment-grade tenant with an S&P A credit rating.
Where is this nnn property located?
The property is located at 940 E Rand Rd Mount Prospect, IL.
What is the asking price?
The asking price for this property is $3,061,000.
What are key features of this property?
This property features: Absolute NNN ground lease with 12.4 years of remaining term; Leased to an investment‑grade tenant with S&P A credit rating; Near a highly trafficked Walmart and Menards attracting 3.1+ million visitors annually
