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411 E Geneva Rd 7,500 SF Retail Building Carol Stream, IL 60188 $1,698,000 ($226.40/SF) 7.65% Cap Rate
Investment Highlights
- Corporate Guaranty – Westside Children’s Therapy, Inc. – 30 Chicagoland Locations – Chicagoland’s Premier Multidisciplinary Autism & Pediatric Therapy
- Built in Rent Growth – 2% Annual Rent Escalations – Stable In-Place Income – 6.2 Years of Lease Term Remaining
- Specialized Healthcare Use – Sticky Tenancy – Desirable Carol Stream (West Chicago Suburb) Location along Geneva Rd. ( 20,800 VPD)
- Passive Ownership Structure – Tenant Pays Taxes, Insurance, HVAC, & CAM – Landlord to Deliver New Roof to Buyers
Executive Summary
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a freestanding Westside Children’s Therapy facility located at 411 E Geneva Road in Carol Stream, Illinois, within the Chicago MSA. The property consists of a 7,500-square-foot building situated on approximately 1.27 acres with 60 parking spaces. Westside Children’s Therapy operates under a Double-Net (NN) lease with 2% annual rent increases, a primary term extending through December 27, 2032, and two additional five-year renewal options. The tenant is responsible for HVAC, taxes, insurance, and CAMs, while landlord responsibilities are limited to the roof, structure, and parking lot.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built/Renovated
1990/2021
Price
$1,698,000
Price Per SF
$226.40
Cap Rate
7.65%
NOI
$129,891
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.27 AC
Parking
63 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
350’ on E Geneva Rd
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-04-304-078 | Improvements Assessment | $258,260 |
| Land Assessment | $218,953 | Total Assessment | $477,213 |
Property Taxes
Parcel Number
05-04-304-078
Land Assessment
$218,953
Improvements Assessment
$258,260
Total Assessment
$477,213
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