Lincoln Technical Institute
3.5% Annual Bumps | 10-Yr Extension | Corporate Guarantee (NASDAQ: LINC) | $1M in Capital Improve
Marketing description
CBRE’s Net Lease Property Group – Midwest is pleased to offer the 100% fee interest in a freestanding Lincoln Technical Institute in Melrose Park, IL. A fixture at this location for nearly 25 years, Lincoln recently committed to a new 10-year lease extension. The lease features a corporate guaranty and healthy 3.50% annual rental escalations.
Strategically positioned on W. North Avenue with 49,000+ VPD, the site boasts prime visibility and access. It’s adjacent to Winston Plaza (5M+ annual visitors) and surrounded by 3M+ SF of industrial space, including Amazon and DHL.
Lincoln Technical Institute is a subsidiary of Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded leader in career-focused education with 22 campuses across 12 states and a market cap of ~$542M.
Investment highlights
LONG-TERM TENANCY WITH RECENT EXTENSION: Lincoln Technical Institute has operated at this site for 25+ years and recently signed a 10-year lease extension, reinforcing its commitment to the location.
CORPORATE GUARANTY: Lease backed by Lincoln Educational Services Corporation (NASDAQ: LINC), a publicly traded and financially sound guarantor.
ATTRACTIVE ANNUAL RENTAL INCREASES: Lease includes 3.5% annual increases, exceeding market norms and ensuring steady income growth.
EXPANSIVE 9.1-ACRE SITE
SIGNIFICANT TENANT EXPANSION WITH RECENT CAPITAL IMPROVEMENTS: Lincoln Tech expanded by 40,501 SF, highlighting its investment in the property and local market. Ownership committed up to $1M for HVAC upgrades and interior renovations under the latest lease amendment.
PUBLICLY TRADED & STRONG MARKET PERFORMANCE
EXCEPTIONAL VISIBILITY & TRAFFIC COUNTS: 49,000+ VPD
HIGH PROFILE RETAIL CORRIDOR: One block from a top-performing center with 5M+ annual visitors and national tenants like Costco, Target, Chick-fil-A, and more.
NEAR MULTIPLE MANUFACTURING AND DISTRIBUTION FACILITIES: Surrounded by 3M+ SF of industrial space, including Amazon, DHL, and the new 1.6M SF Melrose Park Industrial Park.
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