6360 Grand Ave, Gurnee, IL 60031-4523

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.