4027 S Wells St - Warehouse FOR SALE


Chicago, IL 60609- Bridgeport
$4,233,000 USD
801-305-3017
4027 S Wells St, Chicago, IL for Sale
$4,233,000 USD
Warehouse - FOR SALE
1/8
null | 6.75% Cap Rate

4027 S Wells St
Chicago, IL 60609
Bridgeport


HIGHLIGHTS

  • Rare Land Offering | 3 Years Remaining | Annual Rental Increases | Billboard Lease | Established Brand
  • The subject property is in close proximity to Guaranteed Rate Field, a 40,600 seat Major League Baseball stadium
  • The site benefits from nearby direct on/off ramp access to Interstate 90 & 94, a major thoroughfare averaging over 318,000 vehicles passing by daily
  • More than 790,000 residents and 778,000 employees support the trade area, providing a direct consumer base from which to draw
  • $97,353 average household income

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NN leased, United Rentals investment property located in Chicago, Illinois. The tenant, United Rentals Realty, LLC has 3 years remaining on the initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. United Rentals, Inc. is the largest equipment rental company in the world. The asset has a billboard lease that adds an additional $28,300 to the NOI that was just extended to 2029 (3% annual increases). The company has an integrated network of 1,465 rental locations in North America, 14 in Europe, 27 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province.

FOR SALE DETAILS

PRICE

$4,233,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Rentals - Chicago, IL

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48

LAND SF

108,029

ZONING

M2-3

APN/PARCEL ID

20-04-212-072-0000

ASK ABOUT THIS PROPERTY

Max FinnSRS Real Estate PartnersMore Info
801-305-3017

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Max FinnSRS Real Estate PartnersMore Info
801-305-3017

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