850 Tower Dr, Lake Villa, IL 60046-5721

This exceptional investment opportunity presents a fully occupied, 100% leased shopping center located at 850 Tower Drive, Lake Villa, Illinois, 60046. The property, built in 2006, boasts a total of 1 square foot of retail space and sits on a 1.75-acre lot zoned for commercial use. Currently operating under a triple-net (NNN) lease agreement with multiple tenants, the center generates a substantial net operating income (NOI) of $208,471, resulting in an attractive 7.06% capitalization rate. The asking price for this prime retail asset is $4,200,000. Strategically positioned on the southwest corner of Grass Lake Road and Deep Lake Road, this shopping center benefits from high visibility and convenient access for customers. The property's strong tenancy and consistent cash flow make it an ideal addition to any investment portfolio seeking stable returns in a thriving commercial market. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location. The property's 2006 construction date suggests a relatively newer building with potential for long-term value appreciation. The 100% occupancy rate minimizes vacancy risk and ensures a steady stream of income. The property's commercial zoning allows for flexibility and potential future development opportunities.