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ROUND LAKE COMMONS

$1,922,000 | 8.51%

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131-171 W. Belvidere Road
Round Lake, Illinois

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Features

  • Excellent Mix of Internet-Resistant Tenants | Occupied by Service, Food and Fitness Tenancy
    • Snap Fitness | Over 2,000 Locations Worldwide | Open 24 Hours a Day, Seven Days a Week
    • Community Food & Liquor Recently Extended Their Lease to 2026
    • Net Leased Tenants
  • Long-Term Tenancy
    • Dragon K Martial Arts and Community Food & Liquor Have Been at the Center Since it Opened
    • Snap Fitness Has Been in the Center Since 2007
  • 2005 Construction Priced at Less than Half of Replacement Cost
    • Modest Rents Offering an Investor Security and Potential Upside
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 1,938 Square Feet of Vacant Space
  • Excellent Property Features
    • Multiple Points of Ingress/Egress
    • Property is Well-Parked with 85 Surface Spaces
    • Minimal Competition in Trade Area which Provides a Steady Flow of Patrons to the Center
  • Promisingly Situated and Heavily Traveled
    • Located on Heavily Traveled Belvidere Road | 19,815 Vehicles Passing per Day
    • Surrounded by Four Schools and Multiple Manufacturing Facilities
    • One Mile to the Round Lake Milwaukee District North Metra Station | 6,610,059 Annual Ridership
  • Excellent Demographics | 123,683 Population Within Five-Miles

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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