8317 W North Ave - Schools FOR SALE
Melrose Park, IL 60160 |
8317 W North Ave
Melrose Park, IL 60160
HIGHLIGHTS
- LONG-TERM TENANCY WITH RECENT EXTENSION: Lincoln Technical Institute has operated at this site for 25+ yrs and recently signed a 10-yr lease extension
- CORPORATE GUARANTY: Lease backed by Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded and financially sound guarantor.
- ATTRACTIVE ANNUAL RENTAL INCREASES: Lease includes 3.5% annual increases, exceeding market norms and ensuring steady income growth.
- EXPANSIVE 9.1-ACRE SITE
- PUBLICLY TRADED & STRONG MARKET PERFORMANCE
- HIGH PROFILE RETAIL CORRIDOR/EXCEPTIONAL VISIBILITY & TRAFFIC COUNTS/NEAR MULTIPLE MANUFACTURING AND DISTRIBUTION FACILITIES
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Lincoln Technical Institute
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Schools
TOTAL BUILDING SIZE
87501
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
512
LAND DETAILS
LAND ACRES
3.73 AC AC
LAND SF
162,349 SF
ZONING
-
APN/PARCEL ID
15-02-200-034-0000,15-02-200-039-0000
