41 Century Dr, Wheeling, IL 6009053 Century Dr, Wheeling, IL 60090
41 & 53 Century Drive, Wheeling, IL
Asset ClassIndustrial
Chicago Manufacturing Sale Leaseback Opportunity
Overview
The National Industrial Capital Markets Group of Avison Young is pleased to offer for sale two adjacent 100% occupied infill single-tenant industrial buildings just outside of Chicago in suburban Wheeling, IL. Bridgestone Company, a specialized manufacturer of high-precision metal products and assemblies intends to execute a full building leaseback for both facilities. Bridgestone is highly entrenched in the buildings which sit in an ideal manufacturing location.
Investment Highlights
- Triple net lease with a well-established tenant provides stable, predictable income with built-in annual escalations
- The properties are located within the North Cook submarket of Chicago, which boasts low vacancy, strong positive absorption, and significant rental rate growth
- Prime industrial location in Chicago MSA provides immediate access to I-294, O’Hare International Airport, and major freight networks
- The two fully occupied single-tenant buildings are essential to the tenant’s operations, reducing the risk of vacancy and underscoring their value as a core component of the business
- Tenant is a long-standing, profitable company with a strong balance sheet and has made recent capital investments in the properties
- Highly entrenched tenancy with significant bolt down cost including manufacturing equipment in an attractive labor pool.
41 Century DrWheeling, IL 6009041 Century Dr, Wheeling, IL 6009053 Century Dr, Wheeling, IL 60090
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