1020 W Hillcrest Dr 14,700 SF Specialty Building Offered at $1,744,712 CAD at a 9.60% Cap Rate in Dekalb, IL 60115

Corporate Net-Leased Fraternity Asset | 6+ Years Remaining | 17-Year Occupancy History
1020 W Hillcrest represents the premier asset within NIU’s Greek Row, offering a true passive investment backed by a nationally affiliated fraternity under a corporate-supported net lease.
The property is 100% occupied with approximately six years remaining on the lease (through May 2030) and a proven 17+ year operating history with the same tenant, delivering exceptional income stability.
The building includes approximately 30 rooms and extensive communal infrastructure, including chapter rooms, study areas, dining facilities, recreation spaces, and a commercial kitchen—fully supporting fraternity operations.
Recent improvements include fire suppression systems and security upgrades, ensuring compliance with current safety standards.
Additional features include a large outdoor deck and 22-car parking lot, enhancing tenant satisfaction and long-term retention.
Located within walking distance to NIU and near the future $16M Greek Life Center, this asset is positioned to benefit from continued institutional investment and sustained demand.
Property could be part of a larger portfolio sale with 918 Kimberly, 910 Hillcrest, and 928 Hillcrest.