849 N Lake St - Freestanding FOR SALE
Aurora, IL 60506 |
849 N Lake St
Aurora, IL 60506
HIGHLIGHTS
- The property is subject to an absolute triple-net (NNN) lease, requiring zero landlord responsibilities for maintenance, repairs, taxes
- The lease includes a 13.7% rent increase in the next 5-year options and a 25.2% rent increase in the second 5-year option
- Enterprise Rent-A-Car has operated at this location for approximately 30+ years, demonstrating strong site-level performance
- The building and parking lot have been consistently maintained, reflecting both tenant pride of occupancy and sustained investment
- The tenant, Enterprise Rent-A-Car, is part of Enterprise Holdings—the largest car rental company globally by revenue—with over 9,500+ locations
- The property is positioned along a high-traffic retail corridor surrounded by a robust mix of national retailers including McDonald’s, Starbucks
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Enterprise Rent A Car
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
1652
STORIES
1
YEAR BUILT
1967
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
15-15-176-034
