1370 Army Trail Road

    Carol Stream, IL 60188
    • $1,000,000
    • STATUS: Closed
    • ON SITE: 291 days
    • MLS #: 10065283
    Sold - 06/07/2019
    $1,000,000
    SOLD - 06/07/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $143
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1996
    County:
    Area:

    School Ratings & Info

    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.

    Sold by Gateway Realty Llc.

    Monthly Payment Calculator



    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2019-06-16T08:51:06.82 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.lewkepartners.com/homes/86962203

    1370 Army Trail Road Carol Stream, IL 60188

    • Price: $1,067,500
    • Status: Closed
    • Updated: 54 min ago
    • MLS #: 10065283
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,000
    SQFT
    $143
    $/SQFT
    1996
    Built
    Neighborhood:
    Carol Stream
    County:
    DuPage
    Area:
    Carol Stream
    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.
    Exterior Features

    Construction Brick Frontage Access City Street Location Central Business DistrictMixed Use Area Lot Dimensions 175X349 Lot Sq Ft 58113 Number Of Parking Spaces 37 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Smoke Or Fire Protectors Miscellaneous Inside Heavy Floor LoadOverhead Door/SPrivate Restroom/SStorage Inside Number Of Drive In Doors 1 Number Of Stories 1 Outdoor Parking 31-50 Spaces

    Property Features

    Age 16-25 Years Current Use Commercial Electrical Service Circuit Breakers201-600 Amps Expense Year 2017 Geographic Locale Far West Gross Rental Income Amount 85400 Heat Ventilation Ceiling UnitsForced AirGas Investment YN Yes Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 85400 Net Operating Income Year 2017 Number Of Tenants 1 Property Offered For Sale Only Tax Year 2018 Taxes 26467 Tenant Pays Air ConditioningElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/Sewer Total Annual Exp 0 Total Annual Income 85400 Township Wayne Unincorporated YN No Zoning Type Rtail

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Suburban.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2019-06-16T08:51:06.82 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Keller Williams Success Realty
    43 E Crystal Lake Ave
    Crystal Lake IL, 60014