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200 Peace Rd DeKalb, IL 60115

High-NOI, Long-Term Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional sale-leaseback opportunity presents two industrial buildings totaling 362,821 square feet in DeKalb, Illinois' thriving I-88 corridor. The property consists of a distribution center and manufacturing plant, currently 100% occupied by Algus Packaging, a leader in custom thermoformed packaging with a 20-year absolute NNN lease in place. The lease features a corporate guarantee and attractive 2.0% annual rent bumps, providing a stable, high-yielding investment. The two buildings are situated on a 77.4-acre lot, offering ample space and strategic access to major transportation arteries, including I-88, I-39, and Union Pacific rail. The tenant, Algus Packaging, has made significant investments in machinery and equipment, demonstrating a long-term commitment to the facilities. Lease options include four, 5-year terms or two, 10-year terms, offering flexibility for future planning. The property boasts a strong net operating income (NOI) of $1,270,000, making it an ideal investment for discerning buyers seeking a secure, high-return asset in a rapidly growing industrial market. The location is less than an hour from Chicago O'Hare International Airport, further enhancing its logistical advantages. This is a rare opportunity to acquire a premier industrial property with a strong tenant and exceptional long-term growth potential.

Highlights

  • Algus Packaging, a leader in custom thermoformed packaging, is the tenant.
  • Two industrial buildings totaling 362,821 square feet with significant tenant equipment investment and a long-term lease.
  • Excellent location with I-88, I-39, Union Pacific rail access, and proximity to Chicago O'Hare International Airport.
  • The I-88 Corridor is a rapidly growing industrial market with strong investment activity.

Property Details for 200 Peace Rd

Property type
Warehouses, Industrial properties
Square Feet
362,821 SF
Buildings
2
Lot Size (sq. ft)
3,371,544 SF

Location Insight

City
DeKalb
County
DeKalb
State
Illinois
Latitude
41.9252502
Longitude
-88.7217761
200 Peace Rd, DeKalb, Illinois

FAQs

What type of property is this?
Warehouse - High-NOI, Long-Term Leaseback
Where is the warehouse located?
The property is located at 200 Peace Rd DeKalb, IL.
What are key features of this property?
This property features: Algus Packaging, a leader in custom thermoformed packaging, is the tenant.; Two industrial buildings totaling 362,821 square feet with significant tenant equipment investment and a long-term lease.; Excellent location with I-88, I-39, Union Pacific rail access, and proximity to Chicago O'Hare International Airport.
How can I contact the broker?
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200 Peace Rd
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