3100 Grand Ave
Waukegan, IL 60085
Ultimo Precio (Chicago MSA) · Retail Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Ultimo Precio Auto Dealership located in Waukegan, Illinois in the Chicago MSA. The property is strategically located along the primary east-west thoroughfare in a densely populated area. Ultimo Precio recently extended their lease seven years showing their commitment to the location. The triple net lease features 2% annual rental escalations in the primary term and in the renewal option periods. Ultimo Precio, part of the Car Outlet Auto Group, is a subsidiary of Marubeni Corporation, a Fortune Global 500 company, providing reliable and affordable transportation through consumer auto financing and sales. There are two buildings encompassing 56,000 square feet on 6 acres of land. The property is located along Grand Avenue, immediately off of Green Bay Road, in a densely populated residential area and retail corridor. Grand Avenue is a primary east-west thoroughfare in the area with traffic counts of 20,600 vehicles per day. Green Bay Road is a primary north-south thoroughfare with traffic counts of 34,600 vehicles per day. Retailers in the immediate area include Walgreens, Jewel-Osco, DaVita, Sherwin-Williams, NAPA Auto Parts, Advance Auto Parts and a number of national banks and quick service restaurants. There are over 108,925 people living within a three mile radius of the property earning an average household income in excess of $60,800 per year.