Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3488 Eagle Nest Drive in Crete, Illinois, occupied by the owner, M&M Home Remodeling Services. The subject property consists of approximately 14,800 square feet of space and is situated on 2.43 acres of land. The asset features three drive-in doors, a clear height of 16’, and a paved lot large enough to accommodate truck access and 60 parking spaces. Situated near the intersection of Calumet Expressway and Steger Road, the property is located within Central Will, a high barrier to entry industrial submarket with a vacancy rate of 0.1 percent and annual rent growth of 8.1 percent as of Q1 2022. Upon sale of the property, M&M Home Remodeling Services will execute a five-year triple net sale-leaseback. The subject property serves as the corporate headquarters for M&M, a home improvement company that has been in business since 1976. The company provides repair and installation services for roofing, doors, siding, gutters, and high-performance windows. M&M’s focus on customer service has resulted in multiple industry awards and a high accreditation. Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third-largest metro in the nation. The metro houses 9.5 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 33 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and high-tech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering, social, economic, and environmental sustainability (Chicago.gov).