620 N Green Bay Rd, Waukegan, IL
Building SF: 22,146
Lot Size: 2.05 AC
CAP Rate: 6.60%
Year Built/Remodeled: 1997/2005
The subject property is a 22,146 SF fee simple Pep Boys in Waukegan, IL. Subject property has 7 years left on a 15 year NNN corporate lease with 4-5 year options and annual increases of 1.5% through the base term. The property sits on 2.05 acres and strategically situated on heavily traveled N Green Bay Rd.
Waukegan is a city and the county seat of Lake County, Illinois. As of the 2013 census estimate, the city had a population of 88,826. It is the ninth-largest city in Illinois by population. It is the fifth-largest city on the western shore of Lake Michigan, after Chicago, Milwaukee, Green Bay, and Kenosha.