12947 Woodbridge Street LLC Acquires Retail Property In Third Lake For $2.49M

The transaction involved a retail asset situated at 34354 US Route 45 in Third Lake, IL, encompassing 1.09 acres. The sale price was $2,487,804. The property features a newly built Starbucks, designed with the tenant’s latest prototype and high-capacity drive-through for operational efficiency.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,487,804
• Address: 34354 US Route 45
• Market: Third Lake
• Acres: 1.09
• Buyer: 12947 Woodbridge Street, LLC
• Broker Representatives: Damien Yoder, Steven Weinstock & Madison Harman - Marcus & Millichap

Marcus & Millichap successfully facilitated the sale of the property, targeting the increased appeal of the net-leased asset's high visibility and tenant stability, common attributes in sought-after quick-service locations.