8119-8121 W 189th St - Warehouse FOR SALE
Mokena, IL 60448 |
$1,926,000 USD
949-520-1050
8119-8121 W 189th St
Mokena, IL 60448
HIGHLIGHTS
- Approx. 8 Years Remaining | Rare 2% Annual Increases | Options To Extend | Corporate Guaranteed (NYSE: SITE)
- NN+ | Fee Simple Ownership | Limited Landlord Responsibilities |Below Market/Replaceable Rents
- Accessible via I-80 (140,100 VPD) | Dense Target Consumer Base
- Strong Demographics In 5-Mile Trade Area | Affluent Community
OVERVIEW
• The tenant signed a new 10 year lease in March 2023 with 3 (5-year) options
• The lease features 2% annual increases throughout the initial term and options, providing a hedge against inflation
• Guaranteed by SiteOne Landscape Supply, Inc. (NYSE: SITE) | (S&P: BB)
• SiteOne has 650+ locations and 4 Billion+ in revenue
• The property includes gated outdoor storage capacity allowing the tenant to scale and expand with 34% coverage (building/land ratio)
FOR SALE DETAILS
PRICE
$1,926,000 USD
PRICE/SF
$130 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SiteOne Landscape Supply
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution, Truck Terminal, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
5
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1
LAND SF
43,560
ZONING
I-1
APN/PARCEL ID
19-09-02-401-010
ASK ABOUT THIS PROPERTY
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949-520-1050
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949-520-1050
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