NNN Property with Long-Term
For Sale
Contact for pricing
8580 Springlake Dr, Mokena, IL 60448
Experiential property with annual rent increases, corporate guaranty, and a lease extending through 2042.
Property Size74,800 SF
Price / SF$141.71
Days on Market145
Property Features for 8580 Springlake Dr
General Information
Standard status
Active
Size
74,800 SF
Property subtype
Retail, Industrial, Special Purpose
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$742,836
Additional Details
Cap Rate
7.01%
Highway Access
Yes
Building Details
Year Built
2017
Year Renovated
2018
Tenancy
Single
Listing Agency:
CAST CAPITAL PARTNERS
(619) 308-6787
Listed By:
Bret Morriss · License #CA 02037074
Source:
Crexi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 29 at 7:29PM
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 CAST CAPITAL PARTNERS
Investment Insights
Based on property information with market context.
This 74,800-square-foot NNN property was built in 2017 and is associated with K1 Speed Inc. The lease has more than 17 years remaining and includes 3% annual rent increases, with the current term extending through 2042. K1 Speed Inc. provides a corporate guaranty, and tenant investment in the facility totals $8 million.
The property is located at 8580 Springlake Dr in Mokena, Illinois, within the Chicago MSA and along I-80. The experiential-use format is positioned for consumer traffic, while the lease structure supports passive ownership with no day-to-day management responsibility stated in the lease summary. The offering carries a 7.01% cap rate and an average 8.97% cap rate over the lease term.
The property is located at 8580 Springlake Dr in Mokena, Illinois, within the Chicago MSA and along I-80. The experiential-use format is positioned for consumer traffic, while the lease structure supports passive ownership with no day-to-day management responsibility stated in the lease summary. The offering carries a 7.01% cap rate and an average 8.97% cap rate over the lease term.
Key Highlights
- 74,800‑square‑foot property built in 2017
- NNN lease with more than 17 years remaining through 2042
- 3% annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 60448, IL
25,512
Population
9,196
Households
2.8
Avg Household Size
43
Median Age
43%
College-Educated
98%
High-School Grad
18.3 sq mi
ZIP Area
1,394
Density / Sq Mi
$126,483
Median Household Income
$56,490
Median Earnings
$1,400
Median Rent
$369,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Experiential property with annual rent increases, corporate guaranty, and a lease extending through 2042.
Where is this nnn property located?
The property is located at 8580 Springlake Dr Mokena, IL.
What is the asking price?
The asking price for this property is $10,600,000.
What are key features of this property?
This property features: 74,800‑square‑foot property built in 2017; NNN lease with more than 17 years remaining through 2042; 3% annual rent increases
