850 Warrenville Rd
Lisle, IL 60532
National Louis University · Office Property For Sale

Jennifer Stein Real Estate, Inc., in conjunction with Zeustra Healthcare Real Estate Advisors – Out-of-State Cooperating Broker, is pleased to present the exclusive opportunity to acquire the single-tenant National Louis University campus located at 850 Warrenville Road, Lisle, Illinois, within the highly desirable Chicago MSA. The 57,350-square-foot office property is 100% leased to National Louis University ("NLU"), a well-established private university founded in 1886, serving more than 7,000 students across Illinois and Florida. The asset offers investors durable cash flow backed by an established educational institution that generated approximately $140 million in revenue during 2025, while benefiting from a long operating history and significant tenant commitment to the location.
National Louis University has occupied the property continuously since 2004 and committed for an additional five-years, extending the lease term from January 1, 2027 through December 31, 2031, and retains two additional five-year renewal options, providing occupancy potential through 2041. Rather than funding a traditional tenant improvement allowance, ownership negotiated a reduced rental rate in exchange for the University's planned investment into the property. Upon commencement of the renewal term, annual rent will adjust from $1,242,908 ($23.12/SF) to $853,463 ($15.88/SF)—representing an approximate 31% reduction. The discounted rental rate is intended to facilitate a substantial modernization of the campus by National Louis University, demonstrating the University's long-term commitment to the location while preserving a rental rate that remains significantly below prevailing market rents, providing meaningful long-term mark-to-market upside for future ownership.
Despite the reduced renewal rate, the property continues to offer compelling long-term upside. The lease also includes 2.25% annual rental escalations throughout the current renewal term, supporting steady contractual income growth, while the tenant's planned capital investment further reinforces the strategic importance of the campus within its regional operations. Strategically positioned along Warrenville Road with immediate access to Interstate 88 and Interstate 355, the property benefits from exceptional regional connectivity and is surrounded by numerous prominent corporate employers including Navistar, Molex, DuPage Medical Group, Anheuser-Busch, Circle K, the Illinois Tollway Headquarters, Ryerson, and Kasia Imports, among others. The surrounding area is characterized by strong demographics, with more than 252,000 residents within a five-mile radius earning an average household income exceeding $132,000, while nearby destinations such as The Morton Arboretum further enhance the area's desirability.
This offering presents investors with the opportunity to acquire a stabilized single-tenant asset leased to a long-standing educational institution with more than two decades of operating history at the property, demonstrated long-term occupancy through exercised renewal options, significant planned tenant capital investment, contractual rental growth, and future upside through below-market rents. Combined with its strategic location within one of the nation's largest metropolitan areas, the property represents a compelling investment opportunity offering durable cash flow, tenant commitment, and long-term value creation potential.