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4622 Lacey Ave Lisle, IL 60532

High-NOI, NNN Leased Land, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple 1.35-acre parcel in Lisle, Illinois, improved with an 8,500 square foot building currently leased under an absolute NNN lease to a well-established, NAEYC-accredited school. The property boasts a 25-year operating history at this location and enjoys 100% occupancy. The current lease expires June 30, 2030, with a remaining term of approximately 5.6 years, including a 5-year renewal option. The current Net Operating Income (NOI) is $272,000, with a built-in 10% rent increase scheduled for July 2025, and subsequent 10% increases every five years thereafter. The property is zoned B-2 and features prominent frontage on Lacey Avenue (162 feet) and Ogden Avenue (315 feet). This prime location, coupled with the strong tenant and lease terms, makes this a secure and lucrative investment opportunity in the education sector. The property is priced at $4,000,000, offering a 6.80% capitalization rate. This is a rare chance to acquire a well-established, high-performing commercial property with significant long-term growth potential.

Highlights

  • $272,000 current Net Operating Income (NOI).
  • Absolute NNN lease.
  • Lease expiration: June 30, 2030.
  • Remaining lease term: Approximately 5 years, plus a 5-year option.
  • 10% rent increase in July 2025.
  • Subsequent 10% rent increases every five years.

Property Details for 4622 Lacey Ave

Property type
Retail properties, Land
Square Feet
8,500 SF
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Lisle
County
DuPage
State
Illinois
Latitude
41.8012683
Longitude
-88.0702879

FAQs

What type of property is this?
Retail property - High-NOI, NNN Leased Land, Excellent Location
Where is the retail property located?
The property is located at 4622 Lacey Ave Lisle, IL.
What are key features of this property?
This property features: $272,000 current Net Operating Income (NOI).; Absolute NNN lease.; Lease expiration: June 30, 2030.
How can I contact the broker?
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4622 Lacey Ave
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