TROPHY ASSET: 412 N Milwaukee Ave Libertyville
Retail | 6.50% CAP | 10,578 SqFt
Marketing description
Fee Simple Premier Property in Downtown Libertyville
412 N Milwaukee Ave, Libertyville, IL occupied by Timothy O'Toole's Pub
Absolute NNN-this is the most ideal investment for the passive investor in Downtown Libertyville
Seize the rare opportunity to own a cornerstone of Libertyville’s vibrant downtown district.
This 10,578 SF, two-level landmark is home to O’Toole’s Libertyville, a high-performing,
established anchor tenant that makes this property a true "set-it-and-forget-it" asset.
This property offers unmatched fundamentals with a high barrier to entry and a prominent downtown site.
The current Landlord is relocating out of state, necessitating a timely sale of this
premium real estate property.
Investment Overview
- Ownership: Fee Simple (Land & Building Included)
- Lease Structure: NNN
- Term Stability: 3 years remaining on the current term.
- Future Upside: Three (3) additional 5-year options
Property Highlights
- Unique Feature: Includes a highly coveted, enclosed patio dining area directly
facing Milwaukee Avenue—providing year-round outdoor-style ambiance and maximum street-front visibility.
- The Space: A massive 10,578 SF footprint featuring a dynamic two-level layout.
The main floor hosts the bustling pub and dining area, while the upper level serves as a
premier event space for private parties and community gatherings.
- Recent Upgrades: Total peace of mind with a new roof installed just 2 years ago,
featuring an extended transferable warranty.
- Location: Situated directly on Milwaukee Avenue, the property benefits from
heavy foot traffic and the affluent demographics of one of Lake County’s premier "destination" downtowns.
Tenant Profile: O’Toole’s Pub Group
O’Toole’s is a powerhouse regional tenant with a proven track record of stability and
growth in the Chicagoland market.
- Substantial Revenue: The O’Toole’s Pub Group is a high-volume operator with
estimated annual revenues of approximately $20 million, signaling a highly stable and creditworthy tenant.
- Established Presence: A staple of the Illinois hospitality scene since opening it
flagship Chicago location in 1992.
- Regional Footprint: The group operates three successful locations across the
region: Chicago, Gurnee, and this anchor Libertyville destination.
The owner’s out-of-state relocation creates a unique opening for a savvy investor
to secure a high-performing, fee simple trophy asset.
Contact:
Tom Barton
Investment highlights
Class A fully loaded retail property located in the heart of downtown Libertyville, an award winning downtown district located halfway between Chicago and Milwaukee in one of the countries top MSA's. 25,000 VPD and high foot traffic make this property a desirable asset. Libertyville continues to be the county's top destination to both live and visit. Downtown Libertyville properties rarely change hands especially ones as turn key and stable. This meticulously maintained two-story building perfectly blends historic architectural charm with high-end modern infrastructure. The asset is steps away from award-winning dining, boutique shopping, the Metra station and residential neighborhoods. From an investor standpoint, this is a recession-resistant asset that allows you to add a high-performing trophy property to your portfolio. The building is fully ADA compliant and all parking requirements have been satisfied, which is a significant competitive advantage in a dense downtown corridor. Furthermore, the local economy is poised for even greater growth as Libertyville will be adding close to 400 residential units to its downtown district in the coming years. This increase in density will help bolster the already high visibility and heavy pedestrian traffic, ensuring the long-term desirability and value of this downtown core location.
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