American Mattress | Huntley, IL
For Sale
American Mattress | Huntley, IL
Asking Price: $1,830,000
| Cap Rate: 7%
- Net Operating Income: $128,000
- Weighted Avg. Lease Term (WALT): 10 Years
- Lease Type: Net
Property Highlights
- Attractive Lease Terms; Leased to American Mattress on a brand new 10-year net-lease Providing minimal landlord responsibilities
- Rapidly Developing Area; Thousands of homes/apartments under construction, or approved for development, within the immediate market
- Hedge Against Inflation; Two rental escalations throughout initial term of lease Provides an investor with a hedge against inflation
- Brand-New Construction; High quality building with attractive design; completed in Q1 of 2024
