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Leslie Oaks Bus Ctr 1 735 Tollgate Rd 28,197 SF Office Building Elgin, IL 60123 $5,324,533 ($188.83/SF) 6% Cap Rate
Investment Highlights
- Single Tenant NNN 10 Year Lease
- Immediate Expressway Access
- Significant Investment by Staples in Facility Upgrades
- Staples Credit
- 3% Annual Growth
Executive Summary
360 Real Estate Services, LLC is pleased to bring to the market 735 Tollgate Road. Staples recently expanded their footprint into the entirety of the building, and is making substantial investment into the infrastructure of the building to convert it over from general flex to suit their print shop requirements including electrical infrastructure, all new LED lighting and reconfiguring the interior layout. In addition, an exterior dock is being added to the facility by ownership as part of a Ten (10) Year extension effective upon Staples occupancy of the expansion premises scheduled for late 2nd Quarter/Early 3rd Quarter of 2026.
10 Years of NNN lease term with 3% annual bumps bring long term rent growth and stability to the project. The facility is located on Tollgate Road, less than a quarter mile off the I-90/Route 31 exchange with East/West access to the expressway. Minimal owner input is required on this strong cash flowing asset.
Investment Highlights
- Single Tenant NNN 10 Year Lease
- 3% Annual Growth
- Staples Credit
- Immediate Expressway Access
- Significant Investment by Staples in Facility Upgrades
10 Years of NNN lease term with 3% annual bumps bring long term rent growth and stability to the project. The facility is located on Tollgate Road, less than a quarter mile off the I-90/Route 31 exchange with East/West access to the expressway. Minimal owner input is required on this strong cash flowing asset.
Investment Highlights
- Single Tenant NNN 10 Year Lease
- 3% Annual Growth
- Staples Credit
- Immediate Expressway Access
- Significant Investment by Staples in Facility Upgrades
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
28,197 SF
Building Class
B
Year Built/Renovated
1989/2026
Price
$5,324,533
Price Per SF
$188.83
Cap Rate
6%
NOI
$319,472
Tenancy
Single
Building Height
1 Story
Typical Floor Size
28,197 SF
Building FAR
0.30
Lot Size
2.16 AC
Zoning
GI
Parking
112 Spaces (3.97 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 03-33-476-009 | Improvements Assessment | $97,578 |
| Land Assessment | $192,025 | Total Assessment | $289,603 |
Property Taxes
Parcel Number
03-33-476-009
Land Assessment
$192,025
Improvements Assessment
$97,578
Total Assessment
$289,603
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Leslie Oaks Bus Ctr 1 | 735 Tollgate Rd
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