411 E Geneva Rd - Freestanding FOR SALE


Carol Stream, IL 60188- Glen Ellyn to West Chicago Corridor
$1,698,000 USD
760-448-1372
411 E Geneva Rd, Carol Stream, IL for Sale
$1,698,000 USD
Freestanding - FOR SALE
1/13
null | 7.65% Cap Rate


HIGHLIGHTS

  • Corporate Guaranty – Westside Children’s Therapy, Inc. – 30 Chicagoland Locations – Chicagoland’s Premier Multidisciplinary Autism & Pediatric Therapy
  • Specialized Healthcare Use – Sticky Tenancy – Desirable Carol Stream (West Chicago Suburb) Location along Geneva Rd. ( 20,800 VPD)
  • Built in Rent Growth – 2% Annual Rent Escalations – Stable In-Place Income – 6.2 Years of Lease Term Remaining
  • Passive Ownership Structure – Tenant Pays Taxes, Insurance, HVAC, & CAM – Landlord to Deliver New Roof to Buyers

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a freestanding Westside Children’s Therapy facility located at 411 E Geneva Road in Carol Stream, Illinois, within the Chicago MSA. The property consists of a 7,500-square-foot building situated on approximately 1.27 acres with 60 parking spaces. Westside Children’s Therapy operates under a Double-Net (NN) lease with 2% annual rent increases, a primary term extending through December 27, 2032, and two additional five-year renewal options. The tenant is responsible for HVAC, taxes, insurance, and CAMs, while landlord responsibilities are limited to the roof, structure, and parking lot.

FOR SALE DETAILS

PRICE

$1,698,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

05-04-304-078

ASK ABOUT THIS PROPERTY

Drew OlsonLee & AssociatesMore Info
760-448-1372

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Drew OlsonLee & AssociatesMore Info
760-448-1372

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