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Shopping Neighborhood

2121 Ogden Ave

2121 Ogden Ave, Lisle, IL 60532

Listing Price: $2,100,000

Cap Rate
6.20%
Gross SF
11,547
Rentable SF
11,547
Price/Gross SF
$181.87
Lot Size
0.92 acres
Year Built
1963

Investment Overview

The Doughty Industrial Group of Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 2121 Ogden Avenue in Lisle, an all-brick, “flex-retail” building, anchored by the headquarters of the Lisle Township Assessor’s office, as well as Bubblehouse Brewing Company. Lisle Township signed a new 10-year NNN lease in 2021 that features 1% annual rent increases. Bubblehouse currently has over 4 years remaining on a NNN lease with 2.5% rent increases. The rent roll is stable – with well over 5 years of Weighted Average Lease Term. The property is offered at well below replacement cost at only $181 per square foot. While the tenants are clearly committed to the location, one thing that is appealing about the property is that it could be repurposed into a more traditional flex industrial building, given its unique configuration. The building’s location on Ogden Avenue is especially attractive as well. With approximately 22,899 vehicles per day, the street is primarily known as a retail corridor. Lisle is an affluent Chicago suburb, and this property is about a mile east of the Naperville border. Average household incomes in the area exceed $144,000 annually. Please reach out to Marcus & Millichap with additional questions about this opportunity.

Investment Highlights

  • All brick "flex-retail" building located on Ogden Ave in Lisle, IL
  • Anchored by Lisle Township Assessor's office, who signed a 10-year NNN lease
  • Over 5.7 years of weighted average lease term
  • Excellent location, 74,000 people within a 3-mile radius

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Shopping Neighborhood

2121 Ogden Ave

Listing Price: $2,100,000

Cap Rate
6.20%
Gross SF
11,547
Rentable SF
11,547
Price/Gross SF
$181.87
Lot Size
0.92 acres
Year Built
1963

Investment Highlights

  • All brick "flex-retail" building located on Ogden Ave in Lisle, IL
  • Anchored by Lisle Township Assessor's office, who signed a 10-year NNN lease
  • Over 5.7 years of weighted average lease term
  • Excellent location, 74,000 people within a 3-mile radius

Investment Overview

The Doughty Industrial Group of Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 2121 Ogden Avenue in Lisle, an all-brick, “flex-retail” building, anchored by the headquarters of the Lisle Township Assessor’s office, as well as Bubblehouse Brewing Company. Lisle Township signed a new 10-year NNN lease in 2021 that features 1% annual rent increases. Bubblehouse currently has over 4 years remaining on a NNN lease with 2.5% rent increases. The rent roll is stable – with well over 5 years of Weighted Average Lease Term. The property is offered at well below replacement cost at only $181 per square foot. While the tenants are clearly committed to the location, one thing that is appealing about the property is that it could be repurposed into a more traditional flex industrial building, given its unique configuration. The building’s location on Ogden Avenue is especially attractive as well. With approximately 22,899 vehicles per day, the street is primarily known as a retail corridor. Lisle is an affluent Chicago suburb, and this property is about a mile east of the Naperville border. Average household incomes in the area exceed $144,000 annually. Please reach out to Marcus & Millichap with additional questions about this opportunity.

Exclusively Listed By

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