Ashley Furniture
$7,530,000
6050 Gurnee Mills Circle East, Gurnee, IL 60031
For Sale
Retail
Free Standing
Active
Last Updated: 02/18/2026
7
Cap Rate
527,340
NOI
Details:
Cap Rate: 7%
NOI: $527,340
Building Size: 44,880 sqft
Lot Area: 3.83 acres
Occupancy: 100%
Lease Type: Double Net
Year Last Renovated: 2024
Highlights:
- 7 YEAR NET LEASE | 2.0% ANNUAL ESCALATIONS
- LARGEST ASHLEY FURNITURE FRANCHISEE | 125 LOCATIONS
- HIGH PERFORMING LOCATION | #5 STORE IN STATE OF ILLINOIS
- REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT
- REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT
- DOMINANT RETAIL TRADE AREA | TOP 6% RETAIL NODE IN THE COUNTRY
- AFFLUENT CUSTOMER BASE | $164,077 AVERAGE HOUSEHOLD INCOME WITHIN 3 MILES
Description:
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 44,880 square foot, freestanding Ashley Furniture location located at the entrance to Gurnee Mills Mall off Grand Avenue (US- 132) Gurnee, Illinois. The subject offering features a 7-year net lease with the largest Ashley Furniture franchisee.
Documents:
| Title | ||
|---|---|---|
| Ashley_Furniture_OM.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
