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849 N Lake St, Aurora, IL, 60506

Enterprise
$439,371

Key Information

Cap Rate
7%
$ per SF
$266
Tot. SF
1,652
Year Built
1997
Type
Retail
NOI
$30,756

Highlights

  • The property is subject to an absolute triple-net (NNN) lease, requiring zero landlord responsibilities for maintenance, repairs, taxes, or insurance—offering passive, stable income for investors.
  • The lease includes a 13.7% rent increase in the next 5-year options and a 25.2% rent increase in the second 5-year option, providing a built-in hedge against inflation and contributing to a growing Net Operating Income (NOI) over the investment horizon.
  • Enterprise Rent-A-Car has operated at this location for approximately 30+ years, demonstrating strong site-level performance and long-term tenant commitment.
  • The building and parking lot have been consistently maintained, reflecting both tenant pride of occupancy and sustained investment in the physical asset.
  • The tenant, Enterprise Rent-A-Car, is part of Enterprise Holdings—the largest car rental company globally by revenue—with over 9,500+ locations worldwide, including 138+ in Illinois, underscoring the brand’s market penetration and operational scale.
  • The property is positioned along a high-traffic retail corridor surrounded by a robust mix of national retailers including McDonald’s, Starbucks, Wendy’s, Taco Bell, Advance Auto Parts, Dunkin’, Burger King, Denny’s, Shell Oil, Ace Hardware, AutoZone, White Castle, and Popeyes—supporting strong consumer draw and long term retail viability.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203