CCS Contractor Equip Supply - Industrial NN - Naperville, IL
Industrial | 158,616 SqFt
Marketing description
Jones Lang LaSalle America, Inc. ("JLL") is pleased to exclusively offer investors the opportunity to acquire a 158,616-SF industrial warehouse facility in Naperville, Illinois (the "Property"). The Property is strategically located less than two miles from I-88, one of the primary east-west thoroughfares in Chicago MSA, and within an industrial corridor in an affluent Naperville suburb approximately 37 miles west of Downtown Chicago. Strong submarket demand with low vacancy rates. The Property features a NN lease with minimal landlord responsibilities occupied by CCS Contractor Equipment & Supply, LLC ("CCS" or "Tenant") - a contractor equipment and supply company - through August 2032, with two five-year renewal options. The lease and all Tenant obligations are guaranteed by Surebuilt CCS Holdings, LLC ("Guarantor").
With over 6 years of firm primary lease term remaining and 3.0% annual escalations, the offering allows investors to acquire a fully-stabilized, cash-flowing industrial asset backed by a corporate-guaranteed NN lease with an operationally committed, privately held tenant of nearly 50 years.
Investment highlights
- 7-year NN lease with with minimal landlord responsibility and attractive 3.0% annual rent increases
- Mission-Critical industrial headquarters featuring heavy-duty installed equipment, rebar fabrication machinery, and infrastructure configured for concrete construction supply operations.
- Infill location within a supply-constrained industrial market and positioned along I-88 with direct access to I-355, I-55, and I-294 makes it a preferred location for distribution and logistics tenants serving the greater Chicago metro and Midwest markets.
- Corporate guaranty from Surebuilt CCS Holdings, which represents operationally committed, privately held company.
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