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Oportun Financial

2000 West Grand Avenue, Waukegan, IL 60085

$544,500

Cap Rate 8.00%

Views: 23 DOM: 36 Updated: 09.12.24 Posted: 08.14.24 Status: Active

Summary

Price $544,500
Built/Renov 1951
Tenant Oportun Financial
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 1,500
Lease Start 11-12-2017
#Units 370
Price/SF $363.00
Expiration 11-30-2026
Tenant Type Bank/Financial
NOI $43,560
R. Term 2.2
Ownership Fee Simple
Rent/SF $29.04
Increases 10.0%/2/yrs
Pop 5Mi 169,153
Lot/AC 0.00
Options 2/5yrs/10%
AHHI 5Mi $95,049

James Thompson
Sands Investment Group
Contact

Andrew Ackerman
Sands Investment Group
Contact

Evan Beeson
Sands Investment Group
Contact

Lease Highlights

  • Oportun Financial has 2+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Oportun Financial is strategically located on West Grand Avenue, with access to 20,000 vehicles passing by daily. The property features prominent monument signage and is surrounded by well-known national tenants including Domino's, O'Reilly Auto Parts, Dollar General, Burger King, AutoZone, and more. The 5-mile trade area supports a population of 169,153 residents with an average household...

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Key Features

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Favorable NN+ lease

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

Oportun Financial Wikipedia Waukegan, Illinois Zip Code 60085 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Oportun Financial Corporation is a financial services company that focuses on providing affordable credit and financial services to underserved communities. The company offers personal loans,...


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Listing Broker

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