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Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

Jones Lang LaSalle Americas (Illinois), LP is pleased to exclusively offer the opportunity to acquire a single-tenant MobilityWorks in Niles, IL (the “Property”) featuring a NN lease with over 7 years of lease term remaining. The investment opportunity offers limited landlord responsibilities and healthy rent increases throughout the lease term. Situated at the corner of Milwaukee Ave & N Maryland St that sees over 45,000 vehicles per day. WMK, LLC dba Mobility Works (the “Tenant”) is a national chain of wheelchair accessible van providers – serving the disabled community with wheelchair accessible minivans, full-size vans with lifts and commercial fleet vehicles. The Company was founded in 1997 and is based out of Richfield, OH. Today, MobilityWorks operates out of 90+ locations and services business and direct consumer clients. The investment offers a rare opportunity to acquire an industry leading tenant, paying below market rent, at a well-traveled busy intersection with outstanding visibility and frontage.  

Investment Highlights

·        High performing MobilityWorks investment opportunity in a dense suburban market

·        Exceptional demographics with over 140,000 residents within a 3-mile radius

·        Limited landlord responsibility on a NN lease structure

·        Located at a signaled intersection with strong traffic exposure

·        Opportunity to benefit from an upcoming 10% lease escalation 

Last Updated Date: 01 Oct 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 01 Oct 2021

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