AT&T Fleet Operations Facility
Westmont (Chicago MSA), Illinois | Rare Acquisition Opportunity in Chicago’s Elite Western Suburbs
Marketing description
Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest in the single-tenant industrial asset located at 751 Blackhawk Drive in Westmont, Illinois (The “Property”). The Property is 100% leased to AT&T Illinois, a wholly owned operating subsidiary of AT&T (S&P: BBB) and one of the company’s most substantial regional entities, serving 4+ million customers in Illinois & Indiana.
AT&T has occupied the Property for 52+ years, demonstrating a longstanding commitment to the location. They are operating under a passive NNN lease offering 3.00% annual rental increases. The facility is perfectly suited for AT&T’s use and offers exceptional residual value, comprising a ±36,706 SF building on a ±3.00-acre parcel that is fully paved, fenced & gated.
The Property is part of Chicago’s elite Western Suburbs, amid some of the highest-earning most desirable zip codes in the entire United States. Average household income within a 3-mile radius is nearly $200,000, with a population of over 1 million residing in a 10-mile radius. The DuPage County address allows the asset to benefit from lower taxes and a more business friendly environment compared to neighboring Cook County, while still offering proximity to Chicago’s world class industrial market and infrastructure, just ±17 miles from Downtown. Neighboring tenants include Ferrari, Audi, Mercedes-Benz, Porsche, Butler National Golf Club, and Hinsdale Golf Club, among other prestigious operators.
Investment highlights
AT&T – A GLOBAL TELECOMMUNICATIONS CONGLOMERATE
AT&T (NYSE: T) is one of the world’s largest telecommunications companies – #18 on the Forbes Global 2000 US (2025) and #37 on Fortune 500 largest U.S. companies by revenue (2025). A longstanding industry pioneer, AT&T boasts investment grade credit (S&P: BBB) with annual revenue exceeding $120 billion and serves 240+ million global customers daily. AT&T Illinois (“Tenant”) is a wholly owned operating subsidiary of AT&T, serving 4+ million AT&T customers throughout Illinois & Indiana, one of AT&T’s most substantial regional markets. AT&T has invested more than $4.8 billion into its Illinois network since 2020.52+ YEAR HISTORICAL OCCUPANCY, WITH NEWLY CAST LEASE AT MARKET RATES
AT&T has occupied the Subject Property for over 52 years, demonstrating a strong, longstanding commitment to the site and broader submarket. Additionally, AT&T recently signed a new lease (01/01/2025) at market rental rates, further aligning residual value and Tenant’s dedication to the location. Contact broker for additional details.PASSIVE NNN LEASE, INCLUDING 3.00% ANNUAL RENTAL INCREASES
Landlord obligations limited to repairs & replacements of building structure, with replacements being 100% fully reimbursed by Tenant on a prorated basis (with any outstanding amounts paid in full at Lease Expiration). Lease also includes contractual 3.00% annual rent increases throughout the base term and FMV in renewal options, allowing for increasing cash flow and a hedge against inflation.HIGHLY FUNCTIONAL, VERSATILE BUILDING, WITH OVERSIZED, PAVED, FENCED & GATED LOT
The Property offers a large, functional building with 18’ clear heights, 5 drive in doors, and both office & warehouse space. The lot is fully paved, fenced & gated, suitable for a wide variety of users.UNMATCHED INDUSTRIAL INFRASTRUCTURE
Chicago is the #1 industrial market in the U.S. as measured by inventory SF. The market benefits from two major airports, the largest inland port in the U.S. (CenterPoint Intermodal), service by 6 class I railroads (only market in the U.S. offering such rail connectivity), the convergence of 6 major freeway systems (only market in the U.S. with this level of freeway access) and the Port of Chicago (#1 cargo port on the Great Lakes). Industrial rents in Chicago are up 3.60% TTM, compared to just 1.40% U.S. average.LOCATION, LOCATION, LOCATION – RARELY AVAILABLE ACQUISITION OPPORTUNITY IN ONE OF THE NATION’S TOP SUBURBAN SUBMARKETS
Located in DuPage County, ±17 miles straight west of Downtown Chicago, the Property is positioned at the center of one of the most in-demand, high-income, most prestigious suburban submarkets anywhere in the United States. The Property is positioned in the City of Westmont, surrounded 360 degrees and multiple levels deep, by high-income communities such as Hinsdale, Clarendon Hills, Oak Book, Western Springs, Downers Grove, Elmhurst, Burr Ridge, Wheaton, and numerous others. The area is consistently ranked one of the top places to live anywhere in the U.S., includes high property values, and also boasts some of the top ranked school districts in the U.S. (see pg 9).PREMIER, HIGH-INCOME DEMOGRAPHICS
$190,000+ average household income within 3 miles of the Subject Property (nearly 2x the average household income in the U.S.), and a population of over 1 million residing within a 10-mile radius of the Property.SURROUNDED BY NATIONAL TENANTS & PRESTIGIOUS OPERATORS
Nearby destinations and corporate neighbors include Oakbrook Center (±2M+ SF luxury mall – Neiman Marcus, Nordstrom, Tiffany & Co, Apple, Restoration Hardware, etc.), Butler National Golf Club (private membership, Golf Digest #87 in U.S. & one of most exclusive golf clubs in U.,S.), Butterfield Country Club (private membership), Hinsdale Golf Club (private membership), auto dealerships such as Ferrari, Audi, Mercedes-Benz, Porsche, BMW, Aston Martin, Tesla, Land Rover, Lexus, Acura, Bentley, and national retailers such as Whole Foods, Trader Joes, Fresh Thyme, Jewel Osco, Hobby Lobby, and many more.ATTRACTIVE DUPAGE COUNTY LOCATION
DuPage County address offers material tax benefits and a more business friendly environment compared to neighboring Cook County, while still offering proximity to downtown Chicago (±17 miles), airports, highways, and the region’s industrial infrastructure.HIGH RESIDUAL VALUE & LIMITED SUPPLY OF INDUSTRIAL OUTDOOR STORAGE SPACE LOCALLY
Considering the infill, affluent nature of the local market, industrial outdoor storage space is exceedingly rare in Westmont and the surrounding area. The limited IOS space that exists in this area sees high tenant demand and offers exceptional residual value considering rarity and local land values.
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