Description
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 7.2% 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 is located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!
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School Ratings & Info
Description
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 7.2% 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 is located near the intersection of Burnham Ave and Glenwood Lansing Road where 24,100 vehicles pass each day. Easy investment to manage!
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