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19560 Burnham Ave
Lynwood, IL 60411
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turn Key Investment Opportunity
- 8.4% CAP Rate
EXECUTIVE SUMMARY
We are pleased to offer this turn-key investment opportunity located in the Burnham Commercial Subdivision of Lynwood, IL. This Single Tenant Net Leased property offers stable and predictable cash-flow with a 8.4% CAP Rate on current income. True NNN Lease with tenant paying all real estate taxes and operating expenses. Property leased for 5 years to automotive franchise operator with (2) additional 5-year options. Well-maintained, single-story building built in 1970 on 32,571 square foot lot located across from the Lansing Municipal Airport. Property located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,761 SF
Building Class
B
Year Built
1970
Price
$816,613 CAD
Price Per SF
$120.78 CAD
Cap Rate
8.40%
NOI
$68,573 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.75 AC
Zoning
B-3 - Business Zoning
Parking
20 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
108’ on Burnham Ave
AMENITIES
- Fenced Lot
- Tenant Controlled HVAC
- Monument Signage
PROPERTY TAXES
| Parcel Number | 33-07-201-042-0000 | Improvements Assessment | $34,518 CAD |
| Land Assessment | $20,583 CAD | Total Assessment | $55,101 CAD |
PROPERTY TAXES
Parcel Number
33-07-201-042-0000
Land Assessment
$20,583 CAD
Improvements Assessment
$34,518 CAD
Total Assessment
$55,101 CAD
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