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5950 S Lincoln Avenue , W

Lisle, IL 60532
  • $550,000
  • STATUS: Active Under Contract
  • ON SITE: 187 Days
  • MLS #: 11419499
Under Contract
UPDATED: 63 min ago
$550,000
  • 0
    BEDS
  • 0.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2001
County:
Area:

School Ratings & Info

Description

West suburban Lisle NNN lease investment opportunity for qualified buyers. 6.98 CAP rate - $38,440 NOI. Low rent basis of $15.50 per square foot. The tenants, a mental health counseling center, is in Year 1 or their initial 5-year term. The initial lease expiration is June 30th, 2026. Their lease commitment is 5 years with (2) 5-Year option periods with annual rent increases are 2.5% for years 4-5 of the initial term and 3% annually for the option terms. The immediate area is convenient to restaurants, shopping and golf courses. Showing are available before and after business hours.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T23:57:32.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5950 S Lincoln Avenue , W Lisle, IL 60532

  • Price: $550,000
  • Status: Active Under Contract
  • On Site: 187 Days
  • Updated: 63 min ago
  • MLS #: 11419499
0
Beds
0
Baths
0
½ Baths
0.87
Acres
2001
Built
Neighborhood:
Lisle
County:
DuPage
Area:
Lisle
Property Description
West suburban Lisle NNN lease investment opportunity for qualified buyers. 6.98 CAP rate - $38,440 NOI. Low rent basis of $15.50 per square foot. The tenants, a mental health counseling center, is in Year 1 or their initial 5-year term. The initial lease expiration is June 30th, 2026. Their lease commitment is 5 years with (2) 5-Year option periods with annual rent increases are 2.5% for years 4-5 of the initial term and 3% annually for the option terms. The immediate area is convenient to restaurants, shopping and golf courses. Showing are available before and after business hours.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 13-18 SpacesCommon ParkingLightedPavedPrivate Lot Parking Total 17 Roof Composition Roof Structure PitchedTruss Water Drainage Storm Sewers

Interior Features

Cooling Central AirCentral Individual Flooring CarpetTile Heat Ventilation Central Heat/Indiv ControlsForced AirGasOperable Windows/Systems Vary-Call List Agt Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/S Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 16-25 Years Building Area Total 5000 Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Current Use Office Electric Circuit BreakersSeparate MetersService - 101 To 200 AmpsPower - 240V Fire Protection Alarm MonitoredFire Extinguisher/SSmoke Or Fire Protectors Geographic Locale Southwest Suburban Gross Income 38440 Gross Scheduled Income 38440 Leasable Area 2480 Location Office Park Mls Actual Status Contingent Net Operating Income 38440 Number Of Tenants 1 Operating Expense 0 Ownership Types Corporation Possible Use CommercialCondominiumOffice And Research Property Offered For Sale Only Rental Price 0 Tax Annual Amount 14392 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavengerSewer Total Monthly Income 3203 Township Lisle Type Office/Tech Zoning Offic

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 630-778-1855.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-04T23:57:32.693 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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