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849 N Lake St
Aurora, IL 60506 North River

$439,371 USD

Freestanding For Sale  •  1,652 SF

Property Details

• Property Type Freestanding
• Total Building Size 1,652 SF
• Lot Size 0.76 AC
• Building Class C
• Year Built 1967
• Cap Rate 7.00 %
• Tenancy Single

26 Transit Score

66 Walk Score

Highlights

The property is subject to an absolute triple-net (NNN) lease, requiring zero landlord responsibilities for maintenance, repairs, taxes

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

Enterprise Rent-A-Car has operated at this location for approximately 30+ years, demonstrating strong site-level performance

The building and parking lot have been consistently maintained, reflecting both tenant pride of occupancy and sustained investment

The tenant, Enterprise Rent-A-Car, is part of Enterprise Holdings—the largest car rental company globally by revenue—with over 9,500+ locations

The property is positioned along a high-traffic retail corridor surrounded by a robust mix of national retailers including McDonald’s, Starbucks

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Enterprise Rent-A-Car

Public Transportation

Commuter Rail	Drive	Walk	Distance
Aurora Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	1.9 mi
Route 59 Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	14 min	-	6.4 mi
Airport	Drive	Walk	Distance
Chicago O'Hare International	66 min	-	36.1 mi
Chicago Midway International	58 min	-	37.5 mi