4158 Division St - Warehouse FOR SALE


Hillside, IL 60162
$2,343,000 USD
310-977-1651
4158 Division St, Hillside, IL for Sale
$2,343,000 USD
Warehouse - FOR SALE
1/3
null | 6.85% Cap Rate

4158 Division St
Hillside, IL 60162


HIGHLIGHTS

  • Institutional Scale Tenant with BBB Investment Grade Backing – AmeriGas is the nation’s largest retail propane distributor
  • Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange – where I-290, I-294, and I-88 converge
  • Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension

OVERVIEW

Institutional Scale Tenant with BBB Investment Grade Backing - AmeriGas is the nation’s largest retail propane distributor with approximately 1,800 locations nationwide and is a subsidiary of UGI Corporation (NYSE: UGI), a BBB-rated, investment-grade energy company generating over $7 billion in annual revenue. Amerigas provides propane for residential, commercial, agricultural, and industrial applications, supporting consistent demand across all economic cycles. Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange - where I-290, I-294, and I-88 converge - the subject property offers top tier regional connectivity just 6 miles from Chicago O’Hare International Airport, 8 miles from Midway International Airport, and 10 miles west of downtown Chicago. The location is further enhanced by proximity to Oakbrook Center, one of the Midwest’s premier open-air retail destinations, and Butterfield Country Club, a prestigious private club with a history of PGA events, reinforcing the strength of the surrounding area. Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension, demonstrating long-term commitment to the site after more than 20 years of continuous occupancy at this location since 2003. The NNN+ lease structure is highly passive, with the tenant responsible for all operating expenses as well as reimbursement of roof and structural capital expenditures (very rare for industrial leases). The lease also features attractive 3% annual rent increases, providing consistent income growth and a strong hedge against inflation. Broker of Record Matthew M. Fitzgerald License # 471021676, 478027547 (IL) Matthews Real Estate Investment Services, Inc 600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550

FOR SALE DETAILS

PRICE

$2,343,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmeriGas

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Heating - Gas

CLEAR CEILING HT

15 Ft

DOCKS

3

DRIVE INS

3

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.38

LAND SF

60,113

ZONING

M-2

APN/PARCEL ID

15-17-404-011-0000

ASK ABOUT THIS PROPERTY

Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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