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4027 S Wentworth Ave Chicago, IL 60609

For Sale
$4,233,000

NN leased United Rentals investment property with billboard income.

Property size:
12,000 SF
Lot size:
1.50 Acres

Property Features for 4027 S Wentworth Ave

General Information

Size
12,000 SF
Lot size
1.50 Acres

Source: SRS Real Estate Partners | Salt Lake City Agent Max Finn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Chicago Warehouse with Billboard Income

This property is an absolute net-net leased United Rentals investment opportunity located in Chicago, Illinois. The tenant, United Rentals Realty, LLC, has 3 years remaining on the initial lease, with three 5-year options to extend. The lease includes 2.5% annual rental increases throughout the initial term and option periods. United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 1,465 rental locations in North America, 14 in Europe, 27 in Australia, and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The property also features a billboard lease that adds additional income, with 3% annual increases, extended to 2029. The property size is 12,000 square feet.
Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Life Storage

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6307778
Latitude
41.8204714

FAQs

What type of property is this?
Warehouse - NN leased United Rentals investment property with billboard income.
Where is this warehouse located?
The property is located at 4027 S Wentworth Ave Chicago, IL.
What is the asking price?
The asking price for this property is $4,233,000.
What are key features of this property?
This property features: - Absolute Net (NN) Lease: A hands-off investment with minimal landlord responsibilities.; - **Strong Tenant:** Leased to United Rentals Realty, LLC, a subsidiary of United Rentals, Inc.; - **Income Growth:** Features 2.5% annual rental increases.
More about this property
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