AmeriGas

Institutional Scale Tenant with BBB Investment Grade Backing – AmeriGas is the nation’s largest retail propane distributor with approximately 1,800 locations nationwide and is a subsidiary of UGI Corporation (NYSE: UGI), a BBB-rated, investment-grade energy company generating over $7 billion in annual revenue. Amerigas provides propane for residential, commercial, agricultural, and industrial applications, supporting consistent demand across all economic cycles.
Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange – where I-290, I-294, and I-88 converge – the subject property offers top tier regional connectivity just 6 miles from Chicago O’Hare International Airport, 8 miles from Midway International Airport, and 10 miles west of downtown Chicago. The location is further enhanced by proximity to Oakbrook Center, one of the Midwest’s premier open-air retail destinations, and Butterfield Country Club, a prestigious private club with a history of PGA events, reinforcing the strength of the surrounding area.
Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension, demonstrating long-term commitment to the site after more than 20 years of continuous occupancy at this location since 2003. The NNN+ lease structure is highly passive, with the tenant responsible for all operating expenses as well as reimbursement of roof and structural capital expenditures (very rare for industrial leases). The lease also features attractive 3% annual rent increases, providing consistent income growth and a strong hedge against inflation.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald