1388 Us HwyFox Lake, IL 60020

Property Details for 1388 Us Hwy

Year built

2004

Lot size

1.03 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Description

This exceptional 8,000-square-foot retail center in Fox Lake, Illinois, presents a compelling investment opportunity. Located on a high-traffic section of US Highway 12, this property boasts 100% occupancy with a strong Net Operating Income (NOI) exceeding $210,000. The center features a desirable mix of tenants, including Subway, DDS Dental, Cost Cutters, T-Mobile, and Pizza Hut, with lease terms providing long-term stability. Built in 2004, the well-maintained building sits on a 1.03-acre lot with 60 parking spaces and benefits from excellent visibility due to its 241-square-foot frontage on US Highway 12. The property's prime location in Fox Lake, a popular tourist destination, ensures consistent high traffic volume, estimated at over 23,000 vehicles daily. The asking price is $3,950,000, representing a 5.32% capitalization rate. Detailed financial information, including rent rolls and income/expense statements, is available upon request. The property is zoned Outlot 2, B-3 Village of Fox Lake, and all leases are NNN (Triple Net). The weighted average lease term is 5.3 years.

Location Insight

City

Fox Lake

County

Lake

State

Illinois

Latitude

42.3992

Longitude

-88.1809

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