New Salvation Army | 8325 Lemont Rd
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New Salvation Army 8325 Lemont Rd
13,700 SF Retail Building Darien, IL 60561 $3,996,000 ($292/SF) 6.50% Cap Rate
Executive Summary
New 10 year lease with corporate Salvation Army. Outstanding credit, long term lease, and many recent updates (ie all new HVAC, new roof, parking lot) make this pristine all brick building in an affluent Chicago suburb of Darien Illinois very attractive to all buyer types.
The former CVS, constructed in 2000, has been leased to The Salvation Army which has a longstanding history in affluent Darien as this is a relocation. Darien trade area boasts Avg HHI over $116,000.
The former CVS, constructed in 2000, has been leased to The Salvation Army which has a longstanding history in affluent Darien as this is a relocation. Darien trade area boasts Avg HHI over $116,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,700 SF
Building Class
B
Year Built/Renovated
2000/2024
Price
$3,996,000
Price Per SF
$292
Cap Rate
6.50%
NOI
$259,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.02 AC
Zoning
B3, Darien
Parking
68 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
252 FT on Lemont Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 09-32-301-039 | Improvements Assessment | $598,330 |
Land Assessment | $215,840 | Total Assessment | $814,170 |
PROPERTY TAXES
Parcel Number
09-32-301-039
Land Assessment
$215,840
Improvements Assessment
$598,330
Total Assessment
$814,170
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New Salvation Army | 8325 Lemont Rd
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