Pep Boys

620 N Green Bay Rd, Waukegan, IL
$6,943,138 · 6.60% CAP · 7 Yr. Lease · Single Tenant Net Lease


620 N Green Bay Rd, Waukegan, IL

Price: $6,943,138
Building SF: 22,146
Lot Size: 2.05 AC
Price/SF: $314
County: Lake
NOI: $458,074
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.

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Presented By

Michael Paéz

Vice President of Investment Sales

BRE# 01937246

Michael is a Vice President of Investment Sales at The Kase Group specializing in disposition and acquisition of single and multi-tenant net lease investments nationwide. Before working for The Kase Group in 2015, Michael was a Net Leased Investment Associate..