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850 Tower Dr

18,800 SF 100% Leased Retail Building Lake Villa, IL 60046 £3,318,042 (£176/SF) 7.06% Net Initial Yield

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Executive Summary

Introducing an incredible investment opportunity in Lake Villa. Illinois! This retail shopping center boasts 100% occupancy, offering stable and lucrative income stream. With its prime location, strong tenant mix, and favorable cap rate, this property is a must see for savvyinvestors Nestled on Lake Tower Crossing in Lake Villa, this Shopping Center enjoys high visibility and an excellent flow of traffic. Located in kitty corner from Lakes Community High School, which boasts an enrollment of 1,487 students, this property benefits from a steady stream of potential customers and a vibrant local community.

850 Tower Dr

Rent Roll Expenses

Rent Roll

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

18,800 SF

Building Class

Year Built

2006

Price

£3,318,042

Price Per SF

£176

Net Initial Yield

7.06%

NOI

£234,254

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.25

Land Acres

1.75 AC

Zoning

Commercial

MAJOR TENANTS

Fashion Cleaners
Service type
-
-
-

Home State Bank NA
Finance and Insurance
-
-
-

Shoman Hair Studio
Service type
-
-
-

Arts, Entertainment, and Recreation
3,000 SF
-
-

Snap Fitness is a worldwide 24/7 gym leader. With years in the industry, they provide their gym franchise owners with a strong support network that comes with a wealth of experience and in-market knowledge. Since their launch in 2003, Snap Fitness has grown worldwide. As a global brand committed to being the best fitness franchise, they've continued to set new benchmarks for innovation in the fitness and franchising markets. With the fitness market poised for continued growth, they're on a mission to reframe the notion of working out by offering the most inclusive fitness experience. Club owners may offer additional amenities, such as an infrared spa or body composition analysis a la carte or as part of a premium membership package.

Solstice Salon
Service type
-
-
-

The Lake House
Retailer
-
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease End
Fashion Cleaners	Service type	-	-	-
Home State Bank NA	Finance and Insurance	-	-	-
Shoman Hair Studio	Service type	-	-	-
	Arts, Entertainment, and Recreation	3,000 SF	-	-
Solstice Salon	Service type	-	-	-
The Lake House	Retailer	-	-	-