04027 S Wells Street, Chicago, Illinois 60609
Chicago, IL - United Rentals is a retail for sale in Chicago, Illinois, listed at $4,233,000. Key details: year built 1960, building size 12,000 sqft, lot size 108,900 sqft, stories 1. Listed by Jack Cornell of SRS Real State Partners on LoopingCloud and last updated May 22, 2026.
SRS National Net Lease Group is pleased to present an exceptional institutional acquisition opportunity situated within the heart of the core Chicago industrial market: 4027 S Wells Street, Chicago, IL 60609. Offered at a purchase price of $4,233,000, this highly stable industrial asset features a strong 6.75% Cap Rate, yielding an immediate, predictable Net Operating Income (NOI) of $285,711.
The offering represents a fee simple interest acquisition (land and building ownership) of a highly functional 12,000 SF freestanding industrial facility situated on a rare, expansive 2.48-acre land parcel. Currently 100% fully leased to United Rentals Realty, LLC, this property serves as a premier, recession-resistant vehicle for an institutional portfolio or a 1031 exchange buyer looking to lock in highly dependable cash flow backed by an elite global credit parent company within Cook County's tightest industrial submarket.
When evaluating single-tenant industrial real estate, corporate tenant strength and rent growth are the ultimate drivers of long-term value. This asset delivers elite metrics across both categories:
World-Class Corporate Guaranty: The site is leased to United Rentals, Inc., the undisputed largest equipment rental company in the world. United Rentals operates an integrated global network of 1,465 rental locations in North America, with an extensive presence across 49 U.S. states, every Canadian province, and international hubs across Europe, Australia, and New Zealand.
Predictable Rent Escalations & Extension Options: The tenant has 2.5 years remaining on their initial lease term, backed by three (3) additional 5-year option periods to extend, proving their long-term operational commitment to this exact infill location. Crucially, the lease features 2.5% annual rental increases throughout both the initial term and the option periods, providing an incoming owner with a compounding hedge against inflation and steadily growing NOI.
Insulated Lease Structure: Operating under a net lease framework, the tenant manages the primary day-to-day facility overhead, limiting operational expense exposure and creating a highly passive, management-free investment model for out-of-state owners.
Unlike standard single-tenant assets that rely on a single tenant stream, 4027 S Wells Street features an active, highly profitable dual-income setup that dramatically boosts overall portfolio yield:
The Billboard Revenue Advantage: The property includes an on-site commercial billboard asset that adds an additional, highly lucrative $28,300 directly to the annual NOI. This billboard lease was just extended out through 2029 and features its own aggressive 3% annual rental increases. This secondary lease provides an absolute hands-off revenue injection that requires zero landlord maintenance, optimizing your overall capital capitalization yield.
The underlying real estate value of this 2.48-acre site is driven by its exceptional proximity to downtown Chicago's dominant transit corridors and major public landmarks:
Immediate Interstate 90/94 (Dan Ryan Expressway) Access: The asset is strategically positioned near the direct on/off-ramp access gates to Interstate 90 & Interstate 94. This massive, critical transportation arterial averages a staggering 318,000+ vehicles passing by daily, providing industrial logistics fleets with lightning-fast transit connectivity to the entire Chicago MSA network.
Dense Urban Retail Synergy: S. Wells Street and S. Wentworth Avenue combine to route an additional 7,500 daily vehicles right past the property. The immediate trade ring is a thriving commercial hub, anchored by national credit brands including Target, Home Depot, Walgreens, Starbucks, DaVita, Fresenius, Wendy's, and Dunkin'.
Guaranteed Rate Field Proximity (MLB Stadium): The property sits in close proximity to Guaranteed Rate Field, the 40,600-seat home stadium of Major League Baseball's Chicago White Sox. This major sports landmark drives tremendous seasonal foot and vehicle traffic directly into the local trade zone, amplifying the property’s long-term land residual value.
| Investment & Structural Component | Detail Specification & Financial Metrics |
| Property Asset Address | 4027 S Wells Street, Chicago, IL 60609 |
| Total Offering Purchase Price | $4,233,000 |
| Current Market Cap Rate | 6.75% |
| Net Operating Income (NOI) | $285,711 (Includes Billboard Revenue) |
| Gross Leasable Area (GLA) | 12,000 ± Total Square Feet |
| Total Property Land Area | 2.48 ± Acres (Rare Urban Infill Yard Space) |
| Asset Occupancy Rating | 100% Fully Leased |
| Corporate Tenant Anchor | United Rentals Realty, LLC (World's Largest Rental Brand) |
| In-Place Rent Growth Hedge | 2.5% Annual Increases (Tenant) / 3% Annual Increases (Billboard) |
| Bonus Revenue Stream | Extended Billboard Lease through 2029 ($28,300/yr NOI) |
Industrial land footprints spanning nearly 2.5 acres within the proper city limits of Chicago are practically non-existent, making this site highly insulated from future supply competition. The asset is backed by incredible macro-demographics:
Staggering Population Density: The 5-mile trade area is supported by a massive population of over 790,000 permanent residents.
Robust Daytime Employment Base: A bustling corporate and industrial workforce of more than 778,000 employees operates within a 5-mile radius, creating an immediate, hyper-active consumer ecosystem for commercial equipment and construction rentals.
Strong Purchasing Power: Local households across the wider 5-mile market area showcase an established financial foundation, boasting an average household income of $97,353.
Backed by a Global Industrial Powerhouse: Protect your equity by partnering with United Rentals, Inc., an industry giant with an expansive 1,400+ location global footprint and dominant market share.
Rare 2.48-Acre Urban Industrial Footprint: Secure a massive city land footprint inside Chicago proper, featuring the extensive outdoor storage and staging yard capacity that modern industrial operators crave.
Compounding Co-Tenant Billboard Income: Leverage the newly extended billboard lease through 2029 to capture an effortless $28,300 in annual revenue, complete with 3% annual rent escalations.
Instant Access to 318,000 Daily Vehicles: Optimize logistics routes via immediate on/off-ramp proximity to I-90/94, linking your tenants directly to the core freight channels of the Midwest.
Contact our industrial investment sales team today to receive the complete physical offering memorandum, evaluate Cook County parcel maps, inspect the corporate United Rentals lease agreement, or schedule a secure site tour of this premier Chicago industrial asset.
Key highlights
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Source: Yearly tax returns
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2024 | - | - | - | $286,129 | - | - |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $4,233,000 | 6.75% | - | - | - |
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Chicago, IL - United Rentals is listed at $4,233,000. That works out to about $353 per square foot. The stated cap rate is 6.75%.
The property is in 04027 S Wells Street, Chicago, Illinois 60609, Cook County.
This is a retail for sale in the commercial category.
The building is 12,000 sqft. The lot is 108,900 sqft.
The lister indicates: Third Party Financing.
Jack Cornell of SRS Real State Partners listed this property. Use the Request Info button to send a message or call (801) 410-1621.
It was published on October 7, 2024 and last updated on May 22, 2026.
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