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266 Eastgate Dr 85 534 pi² 100% Loué Industriel Immeuble Danville, IL 61834 4 005 359 $ CAD (46,83 $ CAD/pi²) 8% Taux de capitalisation



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FAITS SAILLANTS DE L'INVESTISSEMENT
- ANCHORED BY HIGHLY SECURED AUTOZONE NNN LEASE | INVESTMENT GRADE CREDIT TENANT
- TREMENDOUS VALUE ADD OPPORTUNITY | MULTIPLE PATHS TO VALUE ENHANCEMENT
- LOCATION WITHIN THRIVING DANVILLE SUBMARKET LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
- STICKY TENANT | 26 + YEARS OF HISTORICAL OCCUPANCY | RECENT EARLY RENEWAL | MISSION CRITICAL LOCATION
- HIGH CONNECTIVITY STRATEGIC MIDWEST LOCATION | SOLID INDUSTRIAL BUILDING FUNDAMENTALS
RÉSUMÉ DE L'ANNONCE
ANCHORED BY HIGHLY SECURED AUTOZONE NNN LEASE | INVESTMENT GRADE CREDIT TENANT
— AutoZone is a publicly traded (NYSE : AZO) Fortune 500 leading retailer and leading distributor of automotive replacements parts and accessories in the United States.
— In 2024, AutoZone boasted Annual Revenues of over $18.5 Billion and features an investment grade “BBB” credit rating (S&P) creating a highly stable / secured income stream.
— AutoZone’s NNN lease structure calls for extremely limited landlord responsibilities. The lease has three (3) options remaining of three (3) years each with fixed increases at the start of each period.
STICKY TENANT | 26 + YEARS OF HISTORICAL OCCUPANCY | RECENT EARLY RENEWAL | MISSION CRITICAL LOCATION
— AutoZone has been operating the subject site as a centralized product returns facility since 1998 (26 + years of successful historical occupancy). During that time frame, AutoZone has renewed the lease eleven (11) times including a recent early five (5) year extension pushing their expiration out to September 2031 = 5.50 Years Remaining (as of 3/1/26 Analysis Start Date).
— The subject facility processes returns of products, handles inventory for returns, and manages the logistics for shipping those products back to stores. It serves as a key part of AutoZone’s supply chain.
— In addition, the returns facility directly supports / is symbiotic with the ±450,000 square foot AutoZone owned hub distribution center located at 800 Lynch Road, Danville, IL (less than 2 miles directly north of the subject property).
TREMENDOUS VALUE ADD OPPORTUNITY | MULTIPLE PATHS TO VALUE ENHANCEMENT
— In addition to the stable income stream from AutoZone, the investment offers an attractive upside opportunity with various paths to property value enhancement.
— 17,250 SF (20% of GLA) is leased to Mervis Industries, a regional recycling company and former owner of the subject property. Mervis will vacate their space in October 2026, and Seller will guarantee the space for an additional twelve (12) months to October 2027 presenting a new investor with a tremendous opportunity / ample time to:
— Enhance overall asset credit / value by leasing the additional space to AutoZone (expansion).
— Enhance asset value by leasing the space at substantially higher market rents within the thriving / tight Danville industrial market.
HIGH CONNECTIVITY STRATEGIC MIDWEST LOCATION | SOLID INDUSTRIAL BUILDING FUNDAMENTALS
— Located directly North of Exit 220 on I-74 (80 Miles West of Indianapolis), a major NW/SE interstate which connects the site to the greater Midwest region that it serves.
— Danville is centrally located between several major Midwest hubs, such as Chicago, Indianapolis, and St. Louis, providing distribution centers with efficient access to a large customer base.
LOCATION WITHIN THRIVING DANVILLE SUBMARKET LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
— The property is located within the Danville Industrial Submarket of Northern Illinois. The Danville industrial market contains approximately 7.9 million SF of total industrial inventory.
— As of Q4 2025, Danville’s vacancy rate was a mere 5.6% with ZERO (0) SF currently Under Construction and robust 5.9% average annual rent growth over the past 5 years.
— AutoZone is a publicly traded (NYSE : AZO) Fortune 500 leading retailer and leading distributor of automotive replacements parts and accessories in the United States.
— In 2024, AutoZone boasted Annual Revenues of over $18.5 Billion and features an investment grade “BBB” credit rating (S&P) creating a highly stable / secured income stream.
— AutoZone’s NNN lease structure calls for extremely limited landlord responsibilities. The lease has three (3) options remaining of three (3) years each with fixed increases at the start of each period.
STICKY TENANT | 26 + YEARS OF HISTORICAL OCCUPANCY | RECENT EARLY RENEWAL | MISSION CRITICAL LOCATION
— AutoZone has been operating the subject site as a centralized product returns facility since 1998 (26 + years of successful historical occupancy). During that time frame, AutoZone has renewed the lease eleven (11) times including a recent early five (5) year extension pushing their expiration out to September 2031 = 5.50 Years Remaining (as of 3/1/26 Analysis Start Date).
— The subject facility processes returns of products, handles inventory for returns, and manages the logistics for shipping those products back to stores. It serves as a key part of AutoZone’s supply chain.
— In addition, the returns facility directly supports / is symbiotic with the ±450,000 square foot AutoZone owned hub distribution center located at 800 Lynch Road, Danville, IL (less than 2 miles directly north of the subject property).
TREMENDOUS VALUE ADD OPPORTUNITY | MULTIPLE PATHS TO VALUE ENHANCEMENT
— In addition to the stable income stream from AutoZone, the investment offers an attractive upside opportunity with various paths to property value enhancement.
— 17,250 SF (20% of GLA) is leased to Mervis Industries, a regional recycling company and former owner of the subject property. Mervis will vacate their space in October 2026, and Seller will guarantee the space for an additional twelve (12) months to October 2027 presenting a new investor with a tremendous opportunity / ample time to:
— Enhance overall asset credit / value by leasing the additional space to AutoZone (expansion).
— Enhance asset value by leasing the space at substantially higher market rents within the thriving / tight Danville industrial market.
HIGH CONNECTIVITY STRATEGIC MIDWEST LOCATION | SOLID INDUSTRIAL BUILDING FUNDAMENTALS
— Located directly North of Exit 220 on I-74 (80 Miles West of Indianapolis), a major NW/SE interstate which connects the site to the greater Midwest region that it serves.
— Danville is centrally located between several major Midwest hubs, such as Chicago, Indianapolis, and St. Louis, providing distribution centers with efficient access to a large customer base.
LOCATION WITHIN THRIVING DANVILLE SUBMARKET LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH
— The property is located within the Danville Industrial Submarket of Northern Illinois. The Danville industrial market contains approximately 7.9 million SF of total industrial inventory.
— As of Q4 2025, Danville’s vacancy rate was a mere 5.6% with ZERO (0) SF currently Under Construction and robust 5.9% average annual rent growth over the past 5 years.
FAITS SUR LA PROPRIÉTÉ
| Prix | 4 005 359 $ CAD | Aire du bâtiment louable | 85 534 pi² |
| Prix par pi² | 46,83 $ CAD | Nombre d’étages | 1 |
| Type de vente | Investissement pour loyer hypernet | Année de construction | 1985 |
| Taux de capitalisation | 8% | Ratio de stationnement | 1,16/1 000 pi² |
| Type de propriété | Industriel | Effacer hauteur du plafond | 26’ |
| Sous-type de propriété | Entrepôt | Nbre de quais à portes élevées/de chargement | 3 |
| Classe d’immeuble | C | Nbre d’entrées dans les portes/au niveau du sol | 1 |
| Taille du lot | 10,39 AC | Zone de développement économique |
Oui
|
| Zonage | I-2 - General Industrial | ||
| Prix | 4 005 359 $ CAD |
| Prix par pi² | 46,83 $ CAD |
| Type de vente | Investissement pour loyer hypernet |
| Taux de capitalisation | 8% |
| Type de propriété | Industriel |
| Sous-type de propriété | Entrepôt |
| Classe d’immeuble | C |
| Taille du lot | 10,39 AC |
| Aire du bâtiment louable | 85 534 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1985 |
| Ratio de stationnement | 1,16/1 000 pi² |
| Effacer hauteur du plafond | 26’ |
| Nbre de quais à portes élevées/de chargement | 3 |
| Nbre d’entrées dans les portes/au niveau du sol | 1 |
| Zone de développement économique |
Oui |
| Zonage | I-2 - General Industrial |
COMMODITÉS
- Ligne d'autobus
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Impôts fonciers
| Numéro de lot | 23-12-451-016 | Évaluation des bâtiments | 645 037 $ CAD |
| Évaluation du terrain | 477 225 $ CAD | Évaluation totale | 1 122 262 $ CAD |
Impôts fonciers
Numéro de lot
23-12-451-016
Évaluation du terrain
477 225 $ CAD
Évaluation des bâtiments
645 037 $ CAD
Évaluation totale
1 122 262 $ CAD
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266 Eastgate Dr
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