Mokena, IL - SiteOne Landscape Supply

Description:

• The tenant signed a new 10 year lease in March 2023 with 3 (5-year) options
• The lease features 2% annual increases throughout the initial term and options, providing a hedge against inflation
• Guaranteed by SiteOne Landscape Supply, Inc. (NYSE: SITE) | (S&P: BB)
• SiteOne has 650+ locations and 4 Billion+ in revenue
• The property includes gated outdoor storage capacity allowing the tenant to scale and expand with 34% coverage (building/land ratio)

• The subject property is located at the heart of a dense residential corridor directly accessible via on/off ramps of I-80 (140,100 VPD)
• The surrounding neighborhoods and new residential developments have a low residence to yard coverage ratio (more yard space), increasing demand
• Nearby tenants include ABC Supply Co., Target, Best Buy, TJ Maxx, DICK’s Sporting Goods, and Amazon FBM
• Strong demand for landscaping services driven by the area’s low residence-to-yard coverage ratio (more yard space)