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Enterprise Rent A Car 849 N Lake St 1,652 SF Retail Building Aurora, IL 60506 $439,371 ($265.96/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is subject to an absolute triple-net (NNN) lease, requiring zero landlord responsibilities for maintenance, repairs, taxes
- Enterprise Rent-A-Car has operated at this location for approximately 30+ years, demonstrating strong site-level performance
- The tenant, Enterprise Rent-A-Car, is part of Enterprise Holdings—the largest car rental company globally by revenue—with over 9,500+ locations
- The lease includes a 13.7% rent increase in the next 5-year options and a 25.2% rent increase in the second 5-year option
- The building and parking lot have been consistently maintained, reflecting both tenant pride of occupancy and sustained investment
- The property is positioned along a high-traffic retail corridor surrounded by a robust mix of national retailers including McDonald’s, Starbucks
EXECUTIVE SUMMARY
Matthew M. Fitzgerald
License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Rental and Leasing Services
- -
- -
- -
Enterprise Rent-A-Car represents an ongoing success story in America. Its guiding principles and humble beginnings are rooted in personal honesty and integrity. The company is committed to strengthening communities one neighborhood at a time, treating customers like family, and rewarding hard work—values that have remained consistent since its founding in 1957. Today, Enterprise has established itself as the largest provider of transportation solutions, offering car and truck rentals, car sharing, and car sales. With thousands locations worldwide, the company is always available to meet customer needs. In addition, Enterprise actively engages in sustainability, recognizing it as beneficial for business and essential for creating a better future for generations to come. Due to its size, the company is uniquely positioned to drive innovation, advance research, and implement market-driven solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Rental and Leasing Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-15-176-034 | Improvements Assessment | $15,719 |
| Land Assessment | $90,656 | Total Assessment | $106,375 |
PROPERTY TAXES
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Enterprise Rent A Car | 849 N Lake St
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