6050 Gurnee Mills Circle E, Gurnee, IL 60031 For Sale

7 YEAR NET LEASE | 2.0% ANNUAL ESCALATIONS

The subject property is leased to Ashley Furniture with 7 years of lease term remaining and two, 5-year extension options. The lease features organic rent growth with $0.25 per square foot annual rent escalations, which equates to 2.0% annually on average.

LARGEST ASHLEY FURNITURE FRANCHISEE | 125 LOCATIONS

The lease entity, The Dufresne Spencer Group LLC, is the largest Ashley Furniture franchisee in the country with 125 stores across 13 states. The company also has a network of 20 distribution centers and 4,000 associates across their enterprise.

HIGH PERFORMING LOCATION | #5 STORE IN STATE OF ILLINOIS

Since opening in April 2025, this Ashley Furniture location ranks as the #5 out of 26 stores in the state of Illinois and is in the top 20% of all Ashley Furniture locations nationally per Placer.ai. The store has drawn over 40,000 visitors since its opening in April of 2025 and is the most visited furniture store in the submarket.

REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT

The subject offering was recently redeveloped in 2024, including replacement of the parking lot, the rooftop HVAC units, and replacement of the unit heater in the loading dock. Additionally, the subject offering had extensive roof repairs completed.

OUTLOT TO GURNEE MILLS MALL | 10 MILLION ANNUAL VISITORS

Ashley Furniture is positioned as an outlot to the Gurnee Mills Mall that sees 10 million visitors each year and is anchored by best-in-class retailers including Bass Prop Shops (#4 store nationally), Dick’s Sporting Goods, Macy’s, Hobby Lobby, Kohls, and many more. Other outlot restaurants tenants to Gurnee Mills Mall include McDonalds, Taco Bell, Chipotle, Chili’s, Outback Steakhouse, and Red Lobster. Ranking and foot traffic data per placer.ai.

DOMINANT RETAIL SUBMARKET | TOP 6% RETAIL NODE IN THE COUNTRY

The immediate trade area at the intersection Grand Avenue (33,200 VPD) and Hunt Club Road (19,500 VPD) is a hub for retailers in suburban Chicago’s far northern region drawing 19.5 million annual visitors. Per Placer.ai foot traffic data, this retail submarket ranks in the top 6% nationally and in the top 10 of all retail submarkets in the state of Illinois. In addition to the Gurnee Mills Mall, this submarket feature Sams Club, Walmart, Jewel Osco, Target, Menards, Best Buy, and many other national retailers, all of which are top performers within their chain. To the southeast across I94 is the Six Flags Great America theme park that covers 304 acres and is considered to be the State of Illinois #1 theme park.

AFFLUENT CUSTOMER BASE | $164,077 AVERAGE HOUSEHOLD INCOME WITHIN 3 MILES

The surrounding demographics contribute to the success of the trade area with a 3-mile population of 44,016 boasting an average household income of $164,077. Within 5 miles the population expands to 122,393 with average household incomes of $139,375.