$1,000,000
$1,067,500
6.3%For more information regarding the value of a property, please contact us for a free consultation.
7,000 SqFt
SOLD DATE : 06/07/2019
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $142
MLS Listing ID 10065283
Sold Date 06/07/19
Year Built 1996
Annual Tax Amount $26,467
Tax Year 2018
Lot Dimensions 175X349
Property Sub-Type Retail/Stores
Property Description
TRIPLE NET INVESTMENT! 8% cap rate. Carol Stream Lawn & Power is tenant, a 23 year old business. Leaseback will be for 5 years. Selling the building, the land and a cell tower to be built by Verizon -construction to begin at the end of September. Lease will be $1,000/month. The tower will have the capability of adding 2 carriers, each lease would be a possible $333.33 per month for an additional $666.66 per month as added income. Net operating income is $85,400 (which includes the $1,000 cell tower lease --- add in the possibility of 2 additional cell tower leases brings the cap rate to 8.74%. Highly visible location on Army Trail Road - 13,700 VPD! 7,000 SF stand alone building. Easy ingress/egress. Zoned B 1 / 2 - retail.
Location
State IL
County Du Page
Area Carol Stream
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
Structure Type Brick
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Bought with Mark Chereso • Gateway Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "