364 E Old IL 250 - Industrial FOR SALE


Noble, IL 62868
$2,500,000 USD
513-575-6968
364 E Old IL 250, Noble, IL for Sale
$2,500,000 USD
Industrial - FOR SALE
1/5
null | 9.6% Cap Rate

364 E Old IL 250
Noble, IL 62868


HIGHLIGHTS

  • Easy highway access
  • High electric power
  • Development opportunities with Tenant

OVERVIEW

EXECUTIVE SUMMARY: This offering presents the opportunity to acquire a stabilized industrial investment leased to Austin Timber Company under a triple-net (NNN) lease. The property delivers strong monthly cash flow, minimal management responsibility, and a clearly defined income stream for the next three (3) years. With an attractive yield and a low-risk lease structure, this asset is well suited for private investors, 1031 exchange buyers, and income-focused portfolios. FINANCIAL OVERVIEW: - Monthly Rent: $20,000 - Annual Rent: $240,000 - Lease Term Remaining: 3 Years - Operating Expenses: Tenant Responsibility (NNN) - Annual Net Operating Income (NOI): $240,000 - Implied Cap Rate: ~9.6% at asking price INVESTMENT HIGHLIGHTS - Immediate Cash Flow: Income from day one - Triple-Net Lease: No landlord responsibility for taxes, insurance, or maintenance - Stabilized Tenant: Operating industrial business with ongoing occupancy - Attractive Yield: Strong cap rate relative to comparable industrial assets - Predictable Income: Locked-in lease term through the next 36 months - Low Management Intensity: Ideal passive investment RETURN PROFILE - Annual Cash Yield: ~$240,000 - Gross Rent Over Remaining Lease Term: ~$720,000 - Risk-Adjusted Return: High yield with limited operational exposure - This property provides a compelling balance of income stability and capital preservation, particularly in a market where high-yield industrial assets are increasingly scarce. RISK MITIGATION - No vacancy risk during the lease term - No exposure to rising operating costs (NNN) - No near-term capital expenditures anticipated - Industrial asset class with durable demand EXIT STRATEGY & UPSIDE At lease expiration, the buyer maintains full optionality to: - Renew the lease at market terms - Sell it back to Austin Timber Company - Re-tenant the property - Reposition or redevelop the site This flexibility enhances downside protection while preserving future upside. OFFERING SUMMARY - Price: $2,500,000 - Income: $20,000/month | $240,000/year - Lease Structure: Triple Net (NNN) - Tenant Term: 3 Years Remaining Serious inquiries only. Lease abstract, financials, and supporting documents available upon request.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Austin Timber Company

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

60

LAND SF

2,613,600

ZONING

Highway

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert FreemanIbs Here INCMore Info
513-575-6968

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Robert FreemanIbs Here INCMore Info
513-575-6968

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