735 Tollgate Rd - Flex FOR SALE


Elgin, IL 60123- Northwest Elgin
$5,324,533 USD
847-471-2429
735 Tollgate Rd, Elgin, IL for Sale
$5,324,533 USD
Flex - FOR SALE
1/6
null | 6% Cap Rate

735 Tollgate Rd
Elgin, IL 60123
Northwest Elgin


HIGHLIGHTS

  • Single Tenant NNN 10 Year Lease
  • Staples Credit
  • Immediate Expressway Access
  • 3% Annual Growth
  • Significant Investment by Staples in Facility Upgrades
  • 100% Climate Controlled

OVERVIEW

360 Real Estate Services, LLC is pleased to bring to the market 735 Tollgate Road. Staples recently expanded their footprint into the entirety of the building, and is making substantial investment into the infrastructure of the building to convert it over from general flex to suit their print shop requirements including electrical infrastructure, all new LED lighting and reconfiguring the interior layout. In addition, an exterior dock is being added to the facility by ownership as part of a Ten (10) Year extension effective upon Staples occupancy of the expansion premises scheduled for late 2nd Quarter/Early 3rd Quarter of 2026. 10 Years of NNN lease term with 3% annual bumps bring long term rent growth and stability to the project. The facility is located on Tollgate Road, less than a quarter mile off the I-90/Route 31 exchange with East/West access to the expressway. Minimal owner input is required on this strong cash flowing asset. Investment Highlights - Single Tenant NNN 10 Year Lease - 3% Annual Growth - Staples Credit - Immediate Expressway Access - Significant Investment by Staples in Facility Upgrades

FOR SALE DETAILS

PRICE

$5,324,533 USD

PRICE/SF

$181 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leslie Oaks Bus Ctr 1

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

13.5 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.16

LAND SF

94,090

ZONING

GI

APN/PARCEL ID

03-33-476-009

ASK ABOUT THIS PROPERTY

Nicholas Kyriazes360 Real Estate ServicesMore Info
847-471-2429

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

Nicholas Kyriazes360 Real Estate ServicesMore Info
847-471-2429

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