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- LoopNet Team
1370 W Army Trail Rd
Carol Stream, IL 60188
Retail Property For Sale
Property Facts
Amenities
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
About 1370 W ARMY TRAIL RD , CAROL STREAM, IL 60188
TRIPLE NET INVESTMENT! 7.125% cap rate. Carol Stream Lawn & Power is tenant, a 23 year old business. Leaseback will be for 5 years. Selling the building, the land and a cell tower to be built by Verizon –construction to begin at the end of September. Lease will be $1,000/month. The tower will have the capability of adding 2 carriers, each lease would be a possible $333.33 per month for an additional $666.66 per month as added income. Net operating income is $85,400 (which includes the $1,000 cell tower lease --- add in the possibility of 2 additional cell tower leases brings the cap rate to 8.74%. Highly visible location on Army Trail Road – 13,700 VPD! 7,000 SF stand alone building. Easy ingress/egress. Zoned B 1 / 2 – retail.
Property Taxes
| Parcel Number | 01-23-203-007 | Improvements Assessment | $65,669 |
| Land Assessment | $247,664 | Total Assessment | $313,333 |
Property Taxes
