1048 S Milwaukee Ave | Wheeling, IL 60090
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1048 S Milwaukee Ave
Wheeling, IL 60090
Retail Property For Sale
Investment Highlights
- SHELL PLC (NYSE: SHEL) | 12,500+ US LOCATIONS | S&P: A+ CREDIT RATING / STABLE OUTLOOK | LEASE GUARANTOR: PERSONAL
- HIGHLY VISIBLE & EASILY ACCESSIBLE | HIGH TRAFFIC CHICAGO EXECUTIVE AIRPORT - PWK LOCATION (100,000+ ANNUAL PASSENGERS) | LOCATED ALONG HWY 45
- 20-YEAR ORIGINAL LEASE | 17.4 YEARS REMAINING | 4 (5-YEAR) OPTIONS WITH 1.25% RENTAL INCREASES ANNUALLY | ABSOLUTE NNN GROUND LEASE
- CHICAGO, IL MSA LOCATION | STRONG MANUFACTURING JOB BASE | STABLE & DENSE DEMOGRAPHICS
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,686 SF
Building Class
B
Year Built
2021
Price
£1,963,733
Price Per SF
£533
Net Initial Yield
7%
NOI
£137,461
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.85 AC
1 of 2
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