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Single-Tenant Vacant-User

NTB Tire (Dark)

1750 Towne Center Dr, North Aurora, IL 60542

Listing Price: $4,552,896

Cap Rate
7.00%
Tenant Name
National Tire & Battery / Mavis Tire Supply
Years Remaining On Lease
9.5
Gross SF
8,064
Guarantor
Corporate Guarantee
Rentable SF
8,064
Price/Gross SF
$564.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.93

Investment Overview

North Aurora is a village in Kane County, Illinois. A suburb of Chicago and part of the Chicago metropolitan area, North Aurora is home to over 18,000 residents. The village maintains its own public library district, fire district, and police department, but public spaces and parks are managed by the neighboring Fox Valley Park District.

Investment Highlights

  • 9.5 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Rental Increases Occurring Every Five Years
  • Value-Add Opportunity with the Opportunity to Re-Purpose Existing Building
  • 181,297 Residents within a Five-Mile Radius - Dense Trade Area in Chicago MSA
  • Outparcel to Target-Anchored Center - Neighboring Retailers Include JCPenney, Petco, Michaels, Massage Envy, and Dollar Tree
  • Average Household Income Exceeds $102,000 within a Three-Mile Radius
  • Excellent Visibility Along I-88 (69,700+ Cars per Day) with Pylon Signage
  • Over 104,000 Cars per Day at the I-88 and Orchard Road Intersection

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Single-Tenant Vacant-User

NTB Tire (Dark)

Listing Price: $4,552,896

Cap Rate
7.00%
Tenant Name
National Tire & Battery / Mavis Tire Supply
Years Remaining On Lease
9.5
Gross SF
8,064
Guarantor
Corporate Guarantee
Rentable SF
8,064
Price/Gross SF
$564.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.93

Investment Highlights

  • 9.5 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Rental Increases Occurring Every Five Years
  • Value-Add Opportunity with the Opportunity to Re-Purpose Existing Building
  • 181,297 Residents within a Five-Mile Radius - Dense Trade Area in Chicago MSA
  • Outparcel to Target-Anchored Center - Neighboring Retailers Include JCPenney, Petco, Michaels, Massage Envy, and Dollar Tree
  • Average Household Income Exceeds $102,000 within a Three-Mile Radius
  • Excellent Visibility Along I-88 (69,700+ Cars per Day) with Pylon Signage
  • Over 104,000 Cars per Day at the I-88 and Orchard Road Intersection

Investment Overview

North Aurora is a village in Kane County, Illinois. A suburb of Chicago and part of the Chicago metropolitan area, North Aurora is home to over 18,000 residents. The village maintains its own public library district, fire district, and police department, but public spaces and parks are managed by the neighboring Fox Valley Park District.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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