8225 Skokie Blvd
Skokie, IL 60077
8225 Skokie Boulevard · Retail Property For Sale

A tenant since 1997, Enterprise Rent-A-Car has demonstrated a commitment to this location with several lease extensions, the most recent in 2009. The extended lease will now expire in December 31, 2025, giving qualified investors roughly nine (9) years of cash flow. The lease is absolute NN in nature, with no Landlord expense responsibility, except for the original Base Year for taxes in 1997. Additionally, the lease features annual rental increases of 2.5%. Located approximately 15 miles from downtown Chicago, Skokie, Illinois is a diverse, long established, village with a premier regional shopping center known as Westfield Old Orchard Mall that attracts many from surrounding towns and suburbs. The Offering benefits from an exceptional location on Skokie Boulevard where approximately 23,300 vehicles per day pass by and is also located across from the “Skokie Swift,” Chicago Transit Authority’s (CTA) Oakton-Skokie Yellow Line “L” stop. The Offering is within close proximity to Illinois Science + Technology Park, which is one of the country’s most viable biotech business campuses, within short walking distance to downtown Skokie and from an array of established body and auto repair shops.