M&M Home Remodeling Services
- 3488 Eagle Nest Drive, Crete, IL 60417
- Property Type:
- Single Tenant
- Cap Rate:
- 7.57% cap
- Square Feet:
- 14,800 sqft
- Lot Size:
- 2.43 acres
- Price Per Square Foot:
- Year Built:
- Corporate Headquarters Location for M&M Home Remodeling Services – In Business Since 1976
- High Barrier-to-Entry Submarket – 0% Vacancy (Costar)
- Submarket Rent Up Nearly 8 Percent Year-Over-Year
- Large Lot has Ample Space for Truck Access and Parking
- New, Hands-Off, Five-Year Sale-Leaseback
- Directly Off Major Intersection of Calumet Expressway and Steger Road Major Intersection
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3488 Eagle Nest Drive in Crete, Illinois and occupied by the owner – M&M Home Remodeling Services. The subject property consists of approximately 14,800 square feet of space and is situated on 2.43 acres of land. The asset features three drive-in doors, a clear height of 16’, and a paved lot large enough to accommodate truck access and 60 parking spaces. Situated near the intersection of Calumet Expressway and Steger Road, the property is located within Central Will, a high barrier-to-entry industrial submarket with a vacancy rate of 0.1 percent and annual rent growth of 8.1 percent as of Q1 2022.
Upon sale of the property, M&M Home Remodeling Services will execute a five-year, triple-net, sale-leaseback. The subject property serves as the corporate headquarters for M&M, a home improvement company that has been in business since 1976. The company provides repair and installation services for roofing, doors, siding, gutters, and high-performance windows. M&M’s focus on customer service has resulted in multiple industry awards and a high accreditation.
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