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8317 W North Ave - Lincoln Technical Institute 105,592 SF Specialty Building Offered For Sale in Melrose Park, IL 60160
Investment Highlights
- LONG-TERM TENANCY WITH RECENT EXTENSION
- ATTRACTIVE ANNUAL RENTAL INCREASES
- PUBLICLY TRADED & STRONG MARKET PERFORMANCE
- CORPORATE GUARANTY
- EXPANSIVE 9.1-ACRE SITE
- EXCEPTIONAL VISIBILITY & TRAFFIC COUNTS
Executive Summary
CBRE’s Net Lease Property Group – Midwest is pleased to offer the 100% fee interest in a freestanding Lincoln Technical Institute in Melrose Park, IL. A fixture at this location for nearly 25 years, Lincoln recently committed to a new 10-year lease extension. The lease features a corporate guaranty and healthy 3.50% annual rental escalations.
Strategically positioned on W. North Avenue with 49,000+ VPD, the site boasts prime visibility and access. It’s adjacent to Winston Plaza (5M+ annual visitors) and surrounded by 3M+ SF of industrial space, including Amazon and DHL.
Lincoln Technical Institute is a subsidiary of Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded leader in career-focused education with 22 campuses across 12 states and a market cap of ~$542M.
Strategically positioned on W. North Avenue with 49,000+ VPD, the site boasts prime visibility and access. It’s adjacent to Winston Plaza (5M+ annual visitors) and surrounded by 3M+ SF of industrial space, including Amazon and DHL.
Lincoln Technical Institute is a subsidiary of Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded leader in career-focused education with 22 campuses across 12 states and a market cap of ~$542M.
Property Facts
| Sale Type | Investment | Building Size | 105,592 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | School | Year Built | 1990 |
| Building Class | B | Parking Ratio | 5.85/1,000 SF |
| Lot Size | 3.73 AC | ||
| Zoning | “E” Commercial | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 3.73 AC |
| Building Size | 105,592 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 5.85/1,000 SF |
| Zoning | “E” Commercial |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,224,443 | |
| Land Assessment | $919,333 | Total Assessment | $2,143,776 |
Property Taxes
Parcel Numbers
Land Assessment
$919,333
Improvements Assessment
$1,224,443
Total Assessment
$2,143,776
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8317 W North Ave - Lincoln Technical Institute
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