NNN Property with Billboard
For Sale
Contact for pricing
Pending
1048 S Milwaukee Ave, Wheeling, IL 60090
A 2021-built Shell property offers a new 20-year lease and supplemental billboard income.
Property SizeContact for details
Days on Market143
Property Features for 1048 S Milwaukee Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Newmark | Orange County - Irvine
(949) 608-2175
Listed By:
Matthew Berres · License #CA 01977909
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
This Shell property at 1048 S Milwaukee Ave in Wheeling, Illinois, was constructed in 2021 and is structured as an NNN ground lease. The current arrangement includes a new 20-year lease, providing a defined long-term lease term for the asset.
In addition to the ground lease, the property generates billboard income. The combination of the 2021 construction, NNN structure, extended lease term, and supplemental billboard revenue defines the offering.
In addition to the ground lease, the property generates billboard income. The combination of the 2021 construction, NNN structure, extended lease term, and supplemental billboard revenue defines the offering.
Key Highlights
- NNN ground lease structure
- 2021 construction
- New 20‑year lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 60090, IL
39,017
Population
15,960
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
88%
High-School Grad
9.0 sq mi
ZIP Area
4,335
Density / Sq Mi
$83,449
Median Household Income
$45,436
Median Earnings
$1,578
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A 2021-built Shell property offers a new 20-year lease and supplemental billboard income.
Where is this nnn property located?
The property is located at 1048 S Milwaukee Ave Wheeling, IL.
What are key features of this property?
This property features: NNN ground lease structure; 2021 construction; New 20‑year lease
