Current Use by Public Records
- Day care centers
Property Details for 2975 Sand Lk Rd
- Year built
- 2003
- Lot size
- 7.22 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Lindenhurst, Illinois, leased to Camp Bow Wow. The 5,449 square foot building sits on a substantial 7.22-acre lot, with Camp Bow Wow occupying 3.08 acres. The lease, commencing January 31, 2022, and expiring October 30, 2032, offers a remaining term of 7.9 years, including two 5-year renewal options. A significant 6.7% rent increase is scheduled for 2027, followed by fair market rent adjustments at each renewal. The property boasts a strong 7.05% cap rate and a current NOI of $70,187. Camp Bow Wow, a well-established national brand with over 200 locations, invested over $845,000 in renovations in 2022, demonstrating their long-term commitment. The landlord's responsibilities are minimal, with the tenant covering a pro-rata share of operating expenses. The remaining approximately 3 acres of undeveloped land offer significant development potential, either as an expansion or separate sale. The property benefits from a prime location with high visibility on Sand Lake Road, experiencing over 10,300 vehicles daily, and proximity to major traffic arteries, including US Route 45 and Interstate 94. The strong demographics of the area, with over 36,300 people within a 3-mile radius and an average household income exceeding $154,371, further enhance the investment's appeal. The location is also strategically positioned near Gurnee Mills Mall, Six Flags Great America, and Great Wolf Lodge, driving significant traffic and consumer spending. Lindenhurst's location in Lake County, Illinois, offers lower tax exposure compared to neighboring Cook County, making this a highly attractive commercial real estate investment. The building, constructed in 2003, is a single-story structure.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lindenhurst
- County
- Lake
- State
- Illinois
- Longitude
- -88.0095
- Latitude
- 42.4079
