1339 Yorkshire Dr - Warehouse FOR SALE


Streamwood, IL 60107
$2,284,000 USD
407-557-3861
1339 Yorkshire Dr, Streamwood, IL for Sale
$2,284,000 USD
Warehouse - FOR SALE
1/3
null | 6.79% Cap Rate

1339 Yorkshire Dr
Streamwood, IL 60107


HIGHLIGHTS

  • • Corporate Lease with Herc Rentals | NYSE: HRI - Third Largest Equipment Rental Company in the U.S.
  • • 6 Years Remaining on NNN Lease | Commenced 2022 - 3% Annual Increases with One Five-Year Option
  • • Property Comes with Cell Tower - Contact Broker for Details
  • • 2023 Roof Replacement and Other Exterior Upgrades - Over $100,000 in CapEx | Ext. Paint and Tuckpoint
  • • Former Business Acquired by Herc in 2022 - 47 Year Operating History Servicing Chicago & Midwest
  • • Located in the Chicago MSA | 28 Miles from Downtown - 3rd Largest MSA in the U.S. | 9,400,000+ Residents

OVERVIEW

This property is secured by a corporate lease with Herc Rentals (NYSE: HRI), the third largest equipment rental company in the United States. The lease commenced in 2022 and offers six years of remaining term on an absolute NNN structure, featuring 3% annual rent increases and one five-year renewal option. The tenant’s strong national presence and recent acquisition of the former business, which has a 47-year operating history serving Chicago and the Midwest, underscores the stability of this investment. Significant capital improvements have been completed, including a full roof replacement in 2023 and exterior upgrades totaling over $100,000, such as fresh paint and tuckpointing. The property also includes a cell tower, providing an additional income opportunity—details available upon request. Strategically located within the Chicago MSA, just 28 miles from downtown, the site benefits from proximity to major transportation corridors, including Interstate 90 and Interstate 355, enabling efficient dispatch and logistics. O’Hare International Airport, the third busiest in the U.S. with over 54 million annual passengers, is only 11 miles away. The surrounding area boasts exceptional population density, with more than 255,000 residents within a five-mile radius, supporting long-term operational viability and tenant success. This offering presents a rare opportunity to acquire a well-positioned, income-generating asset with a strong corporate tenant, recent capital improvements, and enduring market fundamentals.

FOR SALE DETAILS

PRICE

$2,284,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Herc Rentals | Chicago MSA

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49

LAND SF

64,904

ZONING

I

APN/PARCEL ID

06-25-204-002-0000,06-25-204-009-0000

ASK ABOUT THIS PROPERTY

Rory ShelbyMarcus & MillichapMore Info
407-557-3861

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Rory ShelbyMarcus & MillichapMore Info
407-557-3861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.