For Sale
$540,000

1958 Aberdeen Ct Sycamore, IL 60178

High-Yield Retail Condo, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 2,866 square foot, 100% occupied retail/office condo in Sycamore, IL's prestigious Midlands Professional Campus. Located at 1958 Aberdeen Court, this single-tenant property boasts a national tenant since 2014, generating a gross income of $65,784 in 2022 and a net income of $44,682, resulting in an 8.2% cap rate. The lease is a NNN (Net, Net, Net) agreement with a remaining term of 3 years and built-in annual rent bumps of 2.5%. The property features modern high-end office suites and a conference room within a brick building. The condo association handles common area maintenance. This centrally located property sits between DeKalb and Sycamore, in an established area of high-end professional offices, making it an ideal investment for discerning buyers. The asking price is $540,000.

Highlights

  • $540,000 asking price.
  • 2,866 square foot retail/office shopping center in Sycamore, IL.
  • NNN lease, single tenant, 100% occupancy with 3 years remaining.
  • 8.20% cap rate based on $44,682 net income (2022).
  • Annual rent bumps of 2.5%.

Property Details for 1958 Aberdeen Ct

Property type
Lifestyle centers, Power centers
Square Feet
2,866 SF

Location Insight

City
Sycamore
County
DeKalb
State
Illinois
Latitude
41.967565
Longitude
-88.714759
1958 Aberdeen Ct, Sycamore, Illinois

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Condo, 100% Occupied
Where is the lifestyle center located?
The property is located at 1958 Aberdeen Ct Sycamore, IL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: $540,000 asking price.; 2,866 square foot retail/office shopping center in Sycamore, IL.; NNN lease, single tenant, 100% occupancy with 3 years remaining.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1958 Aberdeen Ct
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