168 Peterson RdLibertyville, IL 60048

For Sale
$2,162,000

High-yield, stabilized income property

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 17,365 sq ft industrial property in Libertyville, IL, offers a compelling investment opportunity. The fee-simple offering includes a 100% occupied, single-tenant net lease with St. Vincent de Paul Thrift Store and Distribution Center, boasting a 3.9-year remaining lease term (commencing 11/01/2023 and expiring 10/31/2028) with 2.5% annual rent bumps. The property also features two long-term cell tower leases, adding to the diverse income stream. Built in 1985 and renovated in 2016, this one-story building sits on a 2.08-acre lot (APN: 11-09-101-002-0000, 11-09-101-003-0000, 11-09-100-011-0000) zoned C-3. The property's strategic location and the inclusion of a vacant lot leased month-to-month for approximately fifteen years to TransCargo further enhance its value. The asking price is $2,162,000, representing a compelling $124.50/sq ft and an 8.21% cap rate with a current NOI of $177,563. One 5-year lease option is available. This stabilized investment offers a strong return with built-in growth potential.

Highlights

  • 17,365 SF industrial property in Libertyville, IL, on a 2.08-acre lot (APN: 11-09-101-002-0000, 11-09-101-003-0000, 11-09-100-011-0000), zoned C-3.
  • 100% occupied, single-tenant net lease with St. Vincent de Paul; 3.9-year remaining lease term (11/01/2023 - 10/31/2028) with 2.5% annual rent bumps.
  • Modified net lease; landlord responsibilities limited to real estate taxes, insurance, and capital repairs/replacements.
  • Multiple income streams: St. Vincent de Paul lease, two long-term cell tower leases, and a month-to-month lease with TransCargo for a vacant lot.
  • Asking price: $2,162,000 ($124.50/SF, 8.21% cap rate, $177,563 NOI); one 5-year lease option available.

Property Details for 168 Peterson Rd

Property type
Other retail properties, Other industrial properties
Square Feet
17,365 SF
Year Built/Renovated
1985/2016
Stories
1
Lot Size (sq. ft)
90,605 SF

Location Insight

City
Libertyville
County
Lake
State
Illinois
Latitude
42.3066871
Longitude
-87.9629606
168 Peterson Rd, Libertyville, Illinois

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168 Peterson Rd
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