Industrial/Warehouse/Manufacturing NNN Investment Opportunity | 7.65% Cap

The property is located in the Village of Elburn, Illinois, which is west of Chicago approximately 46 miles. The property is in the close proximity to the intersection of Route 38 and Route 47 along the south side of North Street within an area of industrial uses. The subject has average access and visibility.Golden Group Real Estate is proud to present a solid 7.34% cap rate investment light industrial/flex opportunity, located in a small village of Elburn, IL, which is 46 miles west of Chicago. The property is near intersection of Rt 38 and Rt 47 with easy access to I-88. It consists of 2 buildings: one-story frame (warehouse) and one-story masonry (office) constructions. The buildings were built in 1996 with renovations taking place in 2014 and 2019. The property is approximately 7,800 SF with about 20 percent of finished office, small kitchenette and 4 bathrooms, with the ceiling heights ranging from 18' to 24' clear. It has 4 drive-in-doors, one is big enough to fit semi-trucks, outside trailer used as office, has power and heat. The property has undergone extensive renovations and updates in the recent years. The property is occupied by a single NNN tenant with 1.5 years left on the initial lease with 3% annual escalations. The existing tenant “Water Well Solutions, LLC”, a division of “SUEZ Company”, is willing to renew for additional 5 years after the initial lease with a few more renewal options. SUEZ Company is a large credit tenant, with the corporate guarantee on the existing lease. The property is zoned CM (Commercial/Manufacturing District) which allows for light industrial, and warehouse uses with minimal commercial uses. It's perfect for an investor, owner-user, or an industrial developer. Works as a contractor's yard. Heavy truck parking is also allowed.