Amerigas Portfolio
4158 Division St Hillside , IL 60162-1803

Amerigas Portfolio - industrial for sale

Download offering memorandum:

Overview


JLL is pleased to offer for sale a portfolio of three AmeriGas production facilities in Northern Illinois and Southern Wisconsin. With long historical occupancy at these locations, AmeriGas signed 5-year, NNN leases in 2018 with 2% annual increases. As major facilities in their respective markets, the tenancy is very stable with long-term commitment to the respective markets. Additionally, AmeriGas is an internet resistant tenant, providing security in the continued operation of the Company. This offering presents the unique opportunity to acquire a strong tenant at an accretive cap rate with minimal landlord responsibilities.

Investment highlights


  • 5-Year Net Leases
  • Strong National Brand Tenancy
  • Key Company Locations
  • Central Locations All within 1.5 hours of Chicago
General
Property type Industrial
Property subtype Distribution/Warehouse
Tenure type Sale/Purchase
Property address 4158 Division St, Hillside, IL 60162-1803
Building size 27,529  ft2
Year built 1981
Financial
Price $2,900,000
Cap rate 10.85%
Current NOI $314,521.00
Lease
Tenant's name AmeriGas
Lease type NN
Annual rent $314,521.00
Lease expiration date 09/30/2023
Remaining term 3.9Yrs

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