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Investment Opportunity 1981 Bucktail Ln 10,500 SF Industrial Building Sugar Grove, IL 60554 $1,280,000 ($121.90/SF) 5.74% Cap Rate
Executive Summary
Investment Opportunity or owner-user! This property is situated just south of the Aurora Airport in Sugar Grove's industrial area. It is located within Sugar Grove's TIF 1 district - with benefits for potential property tax savings. This ~10,000 sq ft warehouse area offers a 19' clear span, fully sprinklered fire protection, 1 ADA bathroom/locker room, 240V/600A electrical service, 2 unit heaters, 2 bus bars, a drive in dock and standard dock, warehouse-wide air compressor lines, upgraded LED lights, fresh painting throughout and a 5 year old roof. The adjacent office area features a welcoming vestibule, 2 ADA bathrooms, a conference room, kitchenette, a large open office area with multiple doors to access the warehouse/shop area, 7'-10" drop ceiling. The current single tenant NNN lease runs through 12/31/29 with an early termination option for Lessor at Property Sale with 180 days notice, rent bumps in 2026, 2028 and 2029.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,000
|
$7.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,000
|
$7.43
|
| Taxes |
$23,957
|
$2.28
|
| Operating Expenses |
$4,500
|
$0.43
|
| Total Expenses |
$28,457
|
$2.71
|
| Net Operating Income |
$49,543
|
$4.72
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $7.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $7.43 |
| Taxes | |
|---|---|
| Annual | $23,957 |
| Annual Per SF | $2.28 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $0.43 |
| Total Expenses | |
|---|---|
| Annual | $28,457 |
| Annual Per SF | $2.71 |
| Net Operating Income | |
|---|---|
| Annual | $49,543 |
| Annual Per SF | $4.72 |
Property Facts
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Neyret Inc.
- Manufacturing
- 100 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Neyret Inc. | Manufacturing | 100 SF | - | Triple Net | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Investment Opportunity | 1981 Bucktail Ln
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