investment offering- single tenant nnn corporate lease

BLUE CHIP COMMERCIAL REAL ESTATE and RVG COMMERCIAL REALTY
PRESENT
“INVESTMENT OFFERING- SINGLE TENANT NNN CORPORATE LEASE”
385 MILLENNIUM, UNIT A, CRYSTAL LAKE, ILLINOIS
PROPERTY SPECIFICATIONS
TERRA COTTA
BUSINESS PARK
Subdivision:
Terra Cotta Business
Park
Parcel Size:
1.3 acres
Total Building: 11,407 SF
Size
Options & Advocacy for
McHenry County
Property Type: Condominium
Tenant Space:
Kindercare
8,853 SF
Charles River Development
SUBJECT
SITE
INVESTMENT HIGHTLIGHTS
McHenry County Mental
Health Board
Pricing:
$1.6 Million
Existing NOI:
$128,000
Cap Rate:
8%
Tenant:
Credit Tenant
Lease Term:
5 Years
Lease Structure: NNN
Tenant :
Improvements
T:
(815).355.0196
Tim Billimack
Email: [email protected]
T:
(815).814.6500
Mike Deacon
Email:
$1.2 Million
[email protected]
“SINGLE TENANT NNN LEASE” INVESTMENT OPPORTUNITY
385 MILLENNIUM, CRYSTAL LAKE, IL
INVESTMENT OFFERING
This offering is for a single tenant NNN lease investment, located in the Terra Cotta Business
Park, Crystal Lake, Illinois. Tenant occupies
8,853 SF of a two tenant 11,407 SF condominium
office building. Tenant has just renewed its lease
for an additional five (5) year lease term and addition to base rent, is responsible for paying its prorate share of property real estate taxes, property
insurance, and common area maintenance
(estimated to be $5.78 SF). Tenant has invested
more than $1.2 Million in tenant improvements
with upscale office furnishings.