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- LoopNet Team
1050 S Waukegan Rd
Waukegan, IL 60085
ALDI - Chicago MSA · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Dedicated Turn Lane
- Signage
ABOUT 1050 S WAUKEGAN RD , WAUKEGAN, IL 60085
NEW LONG-TERM NNN GROUND LEASE / STRONG INTRINSIC VALUE »» 20 year lease term commenced in 2018 »» Purchase price below replacement cost of land and improvements »» Triple Net Ground lease provides for a management free, passive investment RELOCATION OF STRONG PERFORMING STORE / DOMINANT NATIONAL GROCER »» New prototype building under construction »» Relocation of well performing store »» ALDI projected to be 3rd largest grocery chain in USA by 2022 »» New location will allow the sale of alcohol which is expected to significantly increase sales CHICAGO MSA LOCATION WITH STRONG DEMOGRAPHICS »» Located 30 miles north of Chicago on the shores of Lake Michigan PRIME RETAIL HUB / REGIONAL DESTINATION LOCATION »» Adjacent to Fountain Square Shopping Center anchored by Walmart Supercenter HIGH TRAFFIC LOCATION WITH STRONG VISIBILITY »» Excellent visibility at the signalized intersection of Waukegan Road and Lakehurst Road
PROPERTY TAXES
| Parcel Number | 07-36-103-026 | Improvements Assessment | $603,240 |
| Land Assessment | $179,009 | Total Assessment | $782,249 |
PROPERTY TAXES
