@Properties Square | Libertyville, IL

200-218 South Milwaukee Avenue, Libertyville, IL

$2,810,000

Price

7.7%

Cap Rate

$215,678

NOI

Overview
Cap Rate
7.7%
NOI
$215,678
Building Size
11,614 sqft
Occupancy
100%
Price Per Sqft
$241.95
Tenancy
Multiple
Description

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a 11,614 square foot multi-tenant retail building located at 200-218 S. Milwaukee in Libertyville, IL. The center, @Properties Square, is 100% leased to a strong mix of tenants including: @Properties, Pizza Italia, Manic Meatball, Village 1hr Cleaners, and Lovely Nails. The site benefits from excellent visibility along Milwaukee Avenue with exposure to 31,000+ vehicles per day. @Properties Square sits just south of Downtown Libertyville and the Metra rail station, which runs to Downtown Chicago.

Highlights
  • Large share of Internet resistant, service based tenants
  • Long term tenants committed to the center, @Properties anchor has extended their term early and expanded within the center
  • Over 6.4 years of average lease term
  • Recent capital improvements including facade, HVAC and parking lot work
  • Easy egress/ingress off of Milwaukee Avenue, the primary thoroughfare in Libertyville with over 31,000 VPD
  • Desirable demographics, average household income exceeds $140,000 within 1-mile and 3-mile radius
  • Close proximity to Advocate Condell Medical Center with nearly 2,000 employees daily

Location
Gallery