451 Schmale Rd, Carol Stream, IL 60188
3,225 SF | Retail Building | Carol Stream, IL 60188 | $1,688,000 ($523/SF) | 6.30% Cap Rate
For Sale
Active
Asking Price $1,688,000
- Sale Condition
- Build to Suit
- Property Type
-
Retail
- Square Feet
- 3,225 SF
- Price / Square Foot
- $523
Listing Contacts
Nate Barnes
Richard Brehaut
Tony Anderson
Kent Presson
Property Overview
PRICING - $1,688,000
CAP RATE - 6.30%
NOI - $106,356
LEASE TERM - 4 YEARS
GUARANTEE - CORPORATE (S&P: A+)
CAP RATE - 6.30%
NOI - $106,356
LEASE TERM - 4 YEARS
GUARANTEE - CORPORATE (S&P: A+)
Property Details
- Class
- B
- Year Built
- 1979
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 26,136 SF
Highlights
- LONG-TERM OPERATING HISTORY U.S. Bank has been at this location since 1977, giving them 45+ years of operating history here.
- VALUE-ADD POTENTIAL Per the lease, rental increases in all future option periods are negotiable and must be mutually agreed to by Landlord and Tenant.
- ABSOLUTE TRIPLE NET (NNN) LEASE The property is subject to an Absolute Triple Net (NNN),, resulting in zero Landlord management responsibilities
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