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AmeriGas 4158 Division St 17,834 SF Industrial Building Hillside, IL 60162 $3,215,721 CAD ($180.31 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Institutional Scale Tenant with BBB Investment Grade Backing – AmeriGas is the nation’s largest retail propane distributor
- Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension
- Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange – where I-290, I-294, and I-88 converge
Executive Summary
Institutional Scale Tenant with BBB Investment Grade Backing - AmeriGas is the nation’s largest retail propane distributor with approximately 1,800 locations nationwide and is a subsidiary of UGI Corporation (NYSE: UGI), a BBB-rated, investment-grade energy company generating over $7 billion in annual revenue. Amerigas provides propane for residential, commercial, agricultural, and industrial applications, supporting consistent demand across all economic cycles.
Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange - where I-290, I-294, and I-88 converge - the subject property offers top tier regional connectivity just 6 miles from Chicago O’Hare International Airport, 8 miles from Midway International Airport, and 10 miles west of downtown Chicago. The location is further enhanced by proximity to Oakbrook Center, one of the Midwest’s premier open-air retail destinations, and Butterfield Country Club, a prestigious private club with a history of PGA events, reinforcing the strength of the surrounding area.
Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension, demonstrating long-term commitment to the site after more than 20 years of continuous occupancy at this location since 2003. The NNN+ lease structure is highly passive, with the tenant responsible for all operating expenses as well as reimbursement of roof and structural capital expenditures (very rare for industrial leases). The lease also features attractive 3% annual rent increases, providing consistent income growth and a strong hedge against inflation.
Broker of Record
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange - where I-290, I-294, and I-88 converge - the subject property offers top tier regional connectivity just 6 miles from Chicago O’Hare International Airport, 8 miles from Midway International Airport, and 10 miles west of downtown Chicago. The location is further enhanced by proximity to Oakbrook Center, one of the Midwest’s premier open-air retail destinations, and Butterfield Country Club, a prestigious private club with a history of PGA events, reinforcing the strength of the surrounding area.
Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension, demonstrating long-term commitment to the site after more than 20 years of continuous occupancy at this location since 2003. The NNN+ lease structure is highly passive, with the tenant responsible for all operating expenses as well as reimbursement of roof and structural capital expenditures (very rare for industrial leases). The lease also features attractive 3% annual rent increases, providing consistent income growth and a strong hedge against inflation.
Broker of Record
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
| Price | $3,215,721 CAD | Rentable Building Area | 17,834 SF |
| Price Per SF | $180.31 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 6.85% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.38 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | M-2 | ||
| Price | $3,215,721 CAD |
| Price Per SF | $180.31 CAD |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.38 AC |
| Rentable Building Area | 17,834 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | M-2 |
Utilities
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Utilities
- -
- -
- -
AmeriGas Partners, L.P., through its subsidiary, AmeriGas Propane, L.P., operates as a retail and wholesale distributor of propane gas in the United States. It distributes propane gas to approximately 1.3 million residential, commercial, industrial, agricultural, and motor fuel customers in 50 states. The company also sells, installs, and services propane appliances, including heating systems. It markets propane primarily under the AmeriGas and Americas Propane Company names. Its propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, and crop drying applications.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Utilities | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-17-404-011-0000 | Improvements Assessment | $181,911 CAD |
| Land Assessment | $166,588 CAD | Total Assessment | $348,499 CAD |
Property Taxes
Parcel Number
15-17-404-011-0000
Land Assessment
$166,588 CAD
Improvements Assessment
$181,911 CAD
Total Assessment
$348,499 CAD
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AmeriGas | 4158 Division St
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