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7105 W Grand Ave Gurnee, IL...

Bullfrog International Leases 10,840 SF Retail Space At Gurnee Town Center In Illinois
LEASEDRetail

Bullfrog International Leases 10,840 SF Retail Space At Gurnee Town Center In Illinois

7105 W Grand Ave Gurnee, IL 60031, USA

$25

$25/SF

Building Size

10,840 SF

Asset Type

Retail

Closing

Jul 27, 2023

AI

Bullfrog International has leased 10,840 square feet at Gurnee Town Center in Illinois. The retail space is located at 7105 West Grand Avenue in the market of Gurnee. The landlord for this property is Kite Realty. The asset is categorized as a retail property and the asking rent is $25 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 7105 West Grand Avenue, Gurnee
  • Market: Gurnee
  • Asking Rent: $25/ft.
  • Square Footage: 10,840
  • Landlord: Kite Realty
  • Tenant: Bullfrog International

The deal was facilitated by the following representatives: Branden Reedy and Jimmy Danaher from CBRE represented the landlord, while Rick Scardino, Michael Petrik, and Sean Bishop from Lee & Associates represented the tenant, Bullfrog International.

This lease represents an expansion of Bullfrog International's retail presence in the Midwest. The company, which specializes in high-end hot tub design and manufacturing, has chosen Gurnee Town Center as a strategic location for their growing business.

Players

Rick Scardino

Lee & Associates

Broker

$11.8M

vol

21 deals

Broker
Kite Realty
Kite RealtyLandlord

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93