910 Piemonte Rd - Auto Repair FOR SALE
East Dundee, IL 60118 |
$2,846,000 USD
574-270-0361
910 Piemonte Rd
East Dundee, IL 60118
HIGHLIGHTS
- Absolute NNN lease with ~11.5 years remaining; tenant covers all operating expenses
- Crash Champions in occupancy since 2008, executed 15-year lease extension in 2023
- 2.0% annual rent increases providing consistent NOI growth throughout lease term; FMV adjustment at Option 1
- Below-market rent at ~$10.72/SF with three 5-year renewal options
- ±16,330 SF facility on 1.33 acres with new roof and HVAC installed within 5 years
- 152,649 residents within 5 miles; average household income exceeding $130,486
FOR SALE DETAILS
PRICE
$2,846,000 USD
PRICE/SF
$174 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Showroom, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
78
LAND DETAILS
LAND ACRES
1.33 AC
LAND SF
57,935 SF
ZONING
B-4
APN/PARCEL ID
03-25-301-008
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574-270-0361
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574-270-0361
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