1313 N Lake St Retail
  • Asking Price
    $2.3MAsking Price
  • Gross Leasable Area
    10,234 SFGross Leasable Area
  • Built
    1986Built
  • City
    AuroraCity

Description

Fortis Net Lease proudly presents this prime Gerber Collision property nestled in Aurora, Illinois, just 20 miles west of Downtown Chicago. Aurora, renowned for its high livability and safety, is a sought-after location in Illinois. This property boasts dual rental income streams from Gerber Collision and Classic Towing, with a mutually advantageous relationship between the two entities enhancing their coexistence. Gerber exercised their first option period early with a 10% rent bump on Jan 1, 2026, while Classic Towing's yearly lease arrangement offers significant potential to boost Net Operating Income (NOI) and achieve an exceptional Cash on Cash return. Gerber has occupied this property for two decades and their dedication is highlighted by their proactive lease amendment, which includes three additional five-year extension options, underscoring their commitment to this location.

With approximately 200,000 residents residing within a five-mile radius of Aurora and an average household income of $100,000, this property is strategically positioned in a bustling area teeming with National Credit Tenants like AutoZone, Meineke, Firestone, Starbucks, Sherwin Williams, Five Below, and many Quick Service Restaurants.

Payman Mahjoory of Fortis Net Lease represents this offering. Please contact him at 248.419.3286 or pmahjoory@fortisnetlease.com for the offering memorandum and additional details.

Offering Summary

  • Asking Price
    $2,300,000
  • Property Type
    Retail
  • Size
    10,234 SF
  • Built
    1986

Documents

Property Address

1313 N Lake St
Aurora, IL 60506

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    10,234 SF
  • Year Built
    1986

Deal Team

Payman Mahjoory profile image

Payman Mahjoory

Managing Director
Fortis Net Lease