175 W. Jackson Ave. | Naperville, IL

For Sale

175 W. Jackson Ave. | Naperville, IL

Asking Price: $7,500,000 | Cap Rate: 6.8%

• Net Operating Income: $510,547
• Weighted Avg. Lease Term (WALT): 3.3 Years
• Lease Type: Net

Property Highlights

• High barrier to entry market, providing an investor with a rare opportunity to acquire a value-add property with dedicated parking within the downtown Naperville market with an irreplaceable location.
• A rare feature of this property is its 20 car dedicated parking lot, which is a rarity in the heart of downtown Naperville where parking is often quite limited and challenging
• Surrounded by tenants such as; Apple, Nike, Anthropologie, Lululemon, Sweetgreen, Starbucks, Lou Malnati’s, Gordon Ramsay’s Kitchen, Jo Jo’s Shake Bar, and much more
• The property provides immediate upside for an investor to lease up two vacancies totaling 2,292 SF and mark to market rents on two suites as leases roll