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United Rentals - Chicago, IL 4027 S Wells St 12,000 SF Industrial Building Chicago, IL 60609 $4,233,000 ($352.75/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Land Offering | 3 Years Remaining | Annual Rental Increases | Billboard Lease | Established Brand
- The site benefits from nearby direct on/off ramp access to Interstate 90 & 94, a major thoroughfare averaging over 318,000 vehicles passing by daily
- $97,353 average household income
- The subject property is in close proximity to Guaranteed Rate Field, a 40,600 seat Major League Baseball stadium
- More than 790,000 residents and 778,000 employees support the trade area, providing a direct consumer base from which to draw
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NN leased, United Rentals investment property located in Chicago, Illinois. The tenant, United Rentals Realty, LLC has 2.5 years remaining on the initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. United Rentals, Inc. is the largest equipment rental company in the world. The asset has a billboard lease that adds an additional $28,300 to the NOI that was just extended to 2029 (3% annual increases). The company has an integrated network of 1,465 rental locations in North America, 14 in Europe, 27 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province.
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Signage
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Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 20-04-212-072-0000 | Improvements Assessment | $66,699 |
| Land Assessment | $163,125 | Total Assessment | $229,824 |
PROPERTY TAXES
Parcel Number
20-04-212-072-0000
Land Assessment
$163,125
Improvements Assessment
$66,699
Total Assessment
$229,824
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United Rentals - Chicago, IL | 4027 S Wells St
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