180 Shepard Ave Wheeling, IL 60090

This exceptional investment opportunity presents a 20,000-square-foot Class B warehouse located at 180 Shepard Ave, Wheeling, IL 60090. The property boasts a strong location within a thriving industrial corridor known for low vacancy rates, high absorption, and limited inventory. Built in 1975, this single-tenant facility is currently operating at 100% occupancy under a 10-year absolute net lease agreement, offering significant stability and predictable cash flow. The lease includes favorable terms with a 3% annual rent increase, ensuring consistent growth in rental income. The property's strategic location provides excellent accessibility, situated near Chicago Executive Airport and O'Hare International Airport, with convenient access to major highways including I-294, I-94, and I-90. The surrounding area demonstrates strong demographics, with a population exceeding 270,000 within a 5-mile radius and an average household income of $130,000. The asking price is $2,390,000, representing a price per square foot of $119.50 and a compelling 7.01% cap rate based on a Net Operating Income (NOI) of $167,475. The land value is $123 per square foot. This is an absolute net lease investment with no tenant credit rating. This property offers a rare combination of strong location, favorable lease terms, and robust demographics, making it an ideal addition to any investment portfolio.