Log In/Sign Up
Your email has been sent.
Enterprise Rent-A-Car 2900 N Sheffield Ave 1,126 SF Retail Building Chicago, IL 60657 $4,300,000 ($3,818.83/SF) 6.63% Cap Rate
Investment Highlights
- Highly sought-after Wrigleyville neighborhood – Dense, urban infill location
- Absolute NNN – No landlord responsibilities
- Found in Chicago’s Lakeview neighborhood – 106,000+ people living within one-mile
- Rare, covered land play as Enterprise has no renewal options
- Over 7 years remain on the primary lease term
- Affluent area - $183,000+ average household income within one mile
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Enterprise property in Chicago, Illinois. Enterprise has been successfully operating from this location since 1985 and executed a lease extension in 2015 demonstrating commitment. The current lease runs through February 2033 and features signi?cant 2.25% annual rental escalations. The lease is also absolute triple net and presents no landlord responsibilities. This is a rare, dense urban in?ll site in the heart of Wrigleyville, presenting a potential covered land opportunity as the tenant holds no renewal options.
The property bene?ts from its position within Chicago’s vibrant Lakeview neighborhood. There are over 106,000 people living within one mile of the property, those of which earn an average household income exceeding $183,000. The property is surrounded by major demand drivers including Advocate Illinois Masonic Medical Center (397 beds), Advocate Outpatient Center, Belmont Harbor, Diversey Harbor, Jewel-Osco, Whole Foods, and Wrigley Field. Situated just two blocks from Wellington Station, served by the Purple and Brown CTA lines with a combined 38,000 daily riders, the property offers exceptional transit access. It is also surrounded by major thoroughfares, including Diversey Pkwy (16,700 vehicles per day), Halsted St (12,400 VPD), Lincoln Ave (13,000 VPD), Belmont Ave (17,700 VPD), and Lake Shore Dr (161,000 VPD).
Enterprise Rent-A-Car, founded in 1957 by Jack Taylor in St. Louis, Missouri, is a global leader in the car rental industry. Initially a small leasing company with just seven vehicles, Enterprise grew under Taylor’s vision of exceptional customer service and a focus on local markets. Today, it operates over 9,500 locations in more than 100 countries, offering a wide range of vehicles for personal and business use. The company, still family-owned through Enterprise Mobility, emphasizes ?exibility with services like daily rentals, long-term leases, and innovative programs such as Enterprise CarShare and Exotic Car Collection, catering to diverse customer needs.
The property bene?ts from its position within Chicago’s vibrant Lakeview neighborhood. There are over 106,000 people living within one mile of the property, those of which earn an average household income exceeding $183,000. The property is surrounded by major demand drivers including Advocate Illinois Masonic Medical Center (397 beds), Advocate Outpatient Center, Belmont Harbor, Diversey Harbor, Jewel-Osco, Whole Foods, and Wrigley Field. Situated just two blocks from Wellington Station, served by the Purple and Brown CTA lines with a combined 38,000 daily riders, the property offers exceptional transit access. It is also surrounded by major thoroughfares, including Diversey Pkwy (16,700 vehicles per day), Halsted St (12,400 VPD), Lincoln Ave (13,000 VPD), Belmont Ave (17,700 VPD), and Lake Shore Dr (161,000 VPD).
Enterprise Rent-A-Car, founded in 1957 by Jack Taylor in St. Louis, Missouri, is a global leader in the car rental industry. Initially a small leasing company with just seven vehicles, Enterprise grew under Taylor’s vision of exceptional customer service and a focus on local markets. Today, it operates over 9,500 locations in more than 100 countries, offering a wide range of vehicles for personal and business use. The company, still family-owned through Enterprise Mobility, emphasizes ?exibility with services like daily rentals, long-term leases, and innovative programs such as Enterprise CarShare and Exotic Car Collection, catering to diverse customer needs.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,126 SF
Building Class
C
Year Built
1943
Price
$4,300,000
Price Per SF
$3,818.83
Cap Rate
6.63%
NOI
$285,095
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.15 AC
Zoning
B3-2
Parking
12 Spaces (10.66 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Rental and Leasing Services
- -
- -
- Feb 2033
Enterprise Rent-A-Car began in 1957, founded by Jack Taylor with a focus on personalized customer service and a business philosophy shaped by his military background. The company grew from a neighborhood rental operation into a broad transportation business under the Enterprise Mobility umbrella. Enterprise Rent-A-Car provides car rentals through neighborhood and airport locations, while the broader business also spans commercial fleet management, used vehicle sales, and truck rental services. Market presence extends across North America, Europe, and Latin America through a wide network of reservation channels and mobility brands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Rental and Leasing Services | - | - | Feb 2033 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-29-220-045-0000 | Improvements Assessment | $19,038 |
| Land Assessment | $111,213 | Total Assessment | $130,251 |
Property Taxes
Parcel Number
14-29-220-045-0000
Land Assessment
$111,213
Improvements Assessment
$19,038
Total Assessment
$130,251
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
