321-395 E Dundee Rd - Storefront Retail/Office FOR SALE


$2,673,231 USD
332-345-4222
321-395 E Dundee Rd, Wheeling, IL for Sale
$2,673,231 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.5% Cap Rate


HIGHLIGHTS

  • Recently Signed Leases | Wintrust Bank recently signed a new 10-year lease. Meanwhile, AT&T has exercised a 5-year lease extension
  • Exceptional Rental Increases | Wintrust Bank benefits from rare 3% annual rental increases
  • Next-Door Starbucks Extremely High Performer

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Wintrust Bank and AT&T located at 335-337 W Dundee Road, Wheeling, IL 60090. The site consists of roughly 4,375 rentable square feet of building space on an estimated 0.39-acre parcel of land, with Wintrust Bank and AT&T using roughly 2,000 and 2,375 rentable square feet of building space, respectively. AT&T recently executed their first 5-year renewal term, which expires November 30, 2029. Wintrust Bank has just executed a 10-year lease, which expires November 30, 2034. The Wintrust Bank lease is subject to rare 3% annual rental increases throughout the base term and through each year of the 2, 5-year options. Both leases are Double-Net (NN) leases, with the landlord responsible for roof & structure. The current annual combined rent is $173,760, and both tenants are responsible for paying an additional amount based on their pro-rata share of common area expenses, taxes, and insurance.

FOR SALE DETAILS

PRICE

$2,673,231 USD

PRICE/SF

$50 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wintrust Bank + AT&T

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

B-3

APN/PARCEL ID

03-01-301-044-0000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.