Long-Term Net Leased Industrial

1735 Mitchell Boulevard, Schaumburg, IL
Deal Type:
Net Lease
Price:
$6,340,000
Cap Rate:
6.25%
Current Rent:
$396,198
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 14.4 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
36,799 SF
Rent Increases:
2.00% Annual Increases
Site Size:
3.263 Acres
Tenant:
Summit Interconnect
  • Long-Term Net Leased Industrial stream capital partners
  • Long-Term Net Leased Industrial stream capital partners
  • Long-Term Net Leased Industrial stream capital partners
  • Long-Term Net Leased Industrial stream capital partners

Investment Highlights

  • Long-term absolute triple net lease with annual rent increases
  • Company has a long-term operating history of 42 years
  • Mission critical facility to the business with significant tenant investment in machinery and equipment
  • Property includes ~2.8 acres of excess land used for truck / trailer parking, which is fully leased with 36 parking spots rented for $300/month
  • There is the option to add another 10 trailer parking spots to the parking area with the potential to generate an incremental $36,000 in annual income
  • Chicago MSA location with direct highway access

Listing Agents

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