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Net Lease

McLane Foodservice

19449 Chicago Heights Glenwood Rd, Glenwood, IL 60425

Listing Price: $492,500

Cap Rate
8.00%
Gross SF
3,750
Price/Gross SF
$131.33
Lot Size
1.20 acres
Year Built
1975
Rentable SF
3,750

Investment Overview

Marcus & Millichap is pleased to present this two-property, industrial portfolio of United Rentals and McLane Foodservice facilities in Glenwood, a suburb of Chicago. Glenwood is approximately 30 miles south of downtown Chicago.

MCLANE FOODSERVICE
The subject property is a 3,750-square foot facility sitting on 1.35 acres located just north of the intersection of Glenwood Road and West 195th Street. There are approximately five years remaining on a double-net lease (NN) and there are no renewal options. The facility was constructed in 1975. The property features four drive-in doors.

McLane Company, Inc. was founded in 1984 and is one of the largest distributors in America, serving convenience stores, mass merchants, and chain restaurants. As an industry-leading partner to the biggest retail and restaurant businesses, McLane buys, sells, delivers and serves the world’s most beloved brands. With headquarters in Temple, Texas, McLane has more than 80 distribution centers across the country, employs more than 25,000 teammates, and delivers to nearly every zip code in the United States. McLane is a wholly owned subsidiary of Berkshire Hathaway, Inc.

CHICAGO MSA
Chicago-Naperville-Elgin is one of the largest metros in the nation. The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. Illinois trails only New York City, Texas and California in total corporate headquarters. There are over 30 Fortune 500 companies based locally. The Chicago metro employs 4.8 million workers in an array of industries, including the growth tech and logistics sectors.

Investment Highlights

  • Two-Property Portfolio with National Tenants (United Rentals & McLane)
  • Chicago MSA
  • Easy Access to S. Halstead Street, I-57, I-80, I-94, I-294
  • Over 180,000 People Within a 5-Mile Radius

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Listing Price: $492,500

Cap Rate
8.00%
Gross SF
3,750
Price/Gross SF
$131.33
Lot Size
1.20 acres
Year Built
1975
Rentable SF
3,750

Investment Highlights

  • Two-Property Portfolio with National Tenants (United Rentals & McLane)
  • Chicago MSA
  • Easy Access to S. Halstead Street, I-57, I-80, I-94, I-294
  • Over 180,000 People Within a 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present this two-property, industrial portfolio of United Rentals and McLane Foodservice facilities in Glenwood, a suburb of Chicago. Glenwood is approximately 30 miles south of downtown Chicago. MCLANE FOODSERVICE The subject property is a 3,750-square foot facility sitting on 1.35 acres located just north of the intersection of Glenwood Road and West 195th Street. There are approximately five years remaining on a double-net lease (NN) and there are no renewal options. The facility was constructed in 1975. The property features four drive-in doors. McLane Company, Inc. was founded in 1984 and is one of the largest distributors in America, serving convenience stores, mass merchants, and chain restaurants. As an industry-leading partner to the biggest retail and restaurant businesses, McLane buys, sells, delivers and serves the world’s most beloved brands. With headquarters in Temple, Texas, McLane has more than 80 distribution centers across the country, employs more than 25,000 teammates, and delivers to nearly every zip code in the United States. McLane is a wholly owned subsidiary of Berkshire Hathaway, Inc. CHICAGO MSA Chicago-Naperville-Elgin is one of the largest metros in the nation. The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. Illinois trails only New York City, Texas and California in total corporate headquarters. There are over 30 Fortune 500 companies based locally. The Chicago metro employs 4.8 million workers in an array of industries, including the growth tech and logistics sectors.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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