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    1805 Belvidere Rd Grayslake, IL 60030

    For Sale
    Contact for pricing

    High-Yield NNN Lease, 7 Years Left

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant, NNN-leased Circle K gas station located at 1805 E Belvidere Rd, Grayslake, IL 60030, in Lake County. The property boasts a strong 100% occupancy rate with a substantial remaining lease term of seven years, providing immediate and consistent cash flow. The property is classified as retail, specifically a gas station, and operates under a triple-net lease (NNN), meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance. This significantly reduces the landlord's operational burden and risk. The property's prime location in Grayslake, Illinois, ensures high visibility and accessibility for customers. This is an ideal investment for those seeking a stable, long-term, passive income stream from a well-established national brand. The property's financial performance is characterized by a strong cap rate, reflecting a robust return on investment. This turnkey operation requires minimal management, making it an attractive option for both seasoned and novice investors. The long-term lease provides security and predictability, minimizing vacancy risk and ensuring a steady stream of rental income for years to come. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable location. Detailed financial information is available upon request.

    Property Features for 1805 Belvidere Rd

    General Information

    Property type
    Automotive properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0038562
    Latitude
    42.3380523

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    FAQs

    What type of property is this?
    Automotive property - High-Yield NNN Lease, 7 Years Left
    Where is this automotive property located?
    The property is located at 1805 Belvidere Rd Grayslake, IL.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1805 Belvidere Rd Grayslake, IL 60030
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