6360 Grand Ave Gurnee, IL 60031-4523
Property profile & analytics
6360 Grand Ave Gurnee, IL 60031-4523
- Turn key restaurants
- 2,082 SF
- 0.94 lot acres
Property ID
US28-5780702
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 6360 Grand Ave
- Year built
- 1991
- Construction
- BRICK
- Lot size
- 0.94 lot acres
- Property size
- 2,082 SF
- Property type
- Turn key restaurants
- APN
- 07-16-103-017
- APU
- 716103017
Description
This exceptional investment opportunity presents a fee-simple ownership of a Taco Bell restaurant located at 6360 Grand Ave, Gurnee, IL 60031. The 2,082 square foot property sits on a 0.94-acre lot and benefits from an absolute NNN lease with a franchisee tenant, minimizing landlord responsibilities. Built in 1991, the property boasts a 6.15% cap rate and a strong NOI of $154,371, with an asking price of $2,510,114 ($1,205.63/sq ft). The lease, commencing May 1, 2019, and expiring May 2, 2026, includes four, five-year renewal options, providing long-term stability. Ten percent rent bumps every five years offer inflation protection. The property enjoys a prime location in a high-traffic area, outparceled to the Gurnee Mills Shopping Mall, attracting over 4.2 million annual visitors. The site benefits from high visibility on Grand Ave (42,000+ VPD) and proximity to I-94 (110,000+ VPD). The surrounding area features affluent demographics, with an average household income exceeding $114,000 within a 5-mile radius and a population exceeding 117,000 residents. This location is part of the Chicago MSA, the third largest in the country. The tenant, a large and experienced quick service restaurant operator, provides a strong financial backing. This is a rare opportunity to acquire a well-performing, passively managed asset in a high-growth market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9591
- Latitude
- 42.3858
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,895
$220,840
$77,131
$297,971
-
$662,586
$231,416
$894,002
