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Herc Rentals | Chicago MSA 1339 Yorkshire Dr 10,500 SF 100% Leased Industrial Building Streamwood, IL 60107 $2,284,000 ($217.52/SF) 6.79% Cap Rate
Investment Highlights
- • Corporate Lease with Herc Rentals | NYSE: HRI - Third Largest Equipment Rental Company in the U.S.
- • Property Comes with Cell Tower - Contact Broker for Details
- • Former Business Acquired by Herc in 2022 - 47 Year Operating History Servicing Chicago & Midwest
- • 6 Years Remaining on NNN Lease | Commenced 2022 - 3% Annual Increases with One Five-Year Option
- • 2023 Roof Replacement and Other Exterior Upgrades - Over $100,000 in CapEx | Ext. Paint and Tuckpoint
- • Located in the Chicago MSA | 28 Miles from Downtown - 3rd Largest MSA in the U.S. | 9,400,000+ Residents
Executive Summary
This property is secured by a corporate lease with Herc Rentals (NYSE: HRI), the third largest equipment rental company in the United States. The lease commenced in 2022 and offers six years of remaining term on an absolute NNN structure, featuring 3% annual rent increases and one five-year renewal option. The tenant’s strong national presence and recent acquisition of the former business, which has a 47-year operating history serving Chicago and the Midwest, underscores the stability of this investment.
Significant capital improvements have been completed, including a full roof replacement in 2023 and exterior upgrades totaling over $100,000, such as fresh paint and tuckpointing. The property also includes a cell tower, providing an additional income opportunity—details available upon request. Strategically located within the Chicago MSA, just 28 miles from downtown, the site benefits from proximity to major transportation corridors, including Interstate 90 and Interstate 355, enabling efficient dispatch and logistics. O’Hare International Airport, the third busiest in the U.S. with over 54 million annual passengers, is only 11 miles away. The surrounding area boasts exceptional population density, with more than 255,000 residents within a five-mile radius, supporting long-term operational viability and tenant success. This offering presents a rare opportunity to acquire a well-positioned, income-generating asset with a strong corporate tenant, recent capital improvements, and enduring market fundamentals.
Significant capital improvements have been completed, including a full roof replacement in 2023 and exterior upgrades totaling over $100,000, such as fresh paint and tuckpointing. The property also includes a cell tower, providing an additional income opportunity—details available upon request. Strategically located within the Chicago MSA, just 28 miles from downtown, the site benefits from proximity to major transportation corridors, including Interstate 90 and Interstate 355, enabling efficient dispatch and logistics. O’Hare International Airport, the third busiest in the U.S. with over 54 million annual passengers, is only 11 miles away. The surrounding area boasts exceptional population density, with more than 255,000 residents within a five-mile radius, supporting long-term operational viability and tenant success. This offering presents a rare opportunity to acquire a well-positioned, income-generating asset with a strong corporate tenant, recent capital improvements, and enduring market fundamentals.
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Property Facts
| Price | $2,284,000 | Lot Size | 1.49 AC |
| Price Per SF | $217.52 | Rentable Building Area | 10,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.79% | Year Built/Renovated | 1989/2023 |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | B | ||
| Zoning | I | ||
| Price | $2,284,000 |
| Price Per SF | $217.52 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.49 AC |
| Rentable Building Area | 10,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2023 |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | I |
Amenities
- Signage
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $85,751 | |
| Land Assessment | $81,250 | Total Assessment | $167,001 |
Property Taxes
Parcel Numbers
Land Assessment
$81,250
Improvements Assessment
$85,751
Total Assessment
$167,001
Contacts
-
Rory Shelby -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Herc Rentals | Chicago MSA | 1339 Yorkshire Dr
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