Covered Land Sale leaseback

351 McChesney Rd, West Chicago, IL
Deal Type:
Sale Leaseback
Price:
$3,500,738
Cap Rate:
6.50%
Current Rent:
$227,548
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Rent Increases:
2.00% Annually
Site Size:
10.45 Acres

Investment Highlights

  • Long term absolute triple net lease with 2% annual increases and 4, 5-year options
  • Strong tenant financial profile with consistent cash flow and EBITDA growth
  • Diversified customer basis with long term relationships lasting 20+ years
  • Attractive 10.45-acre site with significant development in the immediate area, with over 2.6 million square feet under construction and another 6 million square feet proposed

Listing Agents

Daniel Macks STREAM Capital Partners

Daniel Macks

Vice President
847 420 2116
Dmacks@stream-cp.com

Philip DiGennaro

Managing Principal
203 610 1541
Phil@stream-cp.com
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