AT&T - Gurnee IL

4050 Ryan Rd, Gurnee, IL, 60031-1253, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been exclusively retained to offer qualified investors the opportunity to purchase the AT&T Fleet Operations Facility in Gurnee, IL. This investment represents a rare opportunity to acquire a stabilized, investment-grade fleet facility with covered outdoor storage in one of the nation’s tightest industrial markets with significant embedded value creation through contractual rent increases upon future lease renewals. This asset is a specialized, mission-critical component of AT&T’s network serving the northwest Chicago region.

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Attributes

Building area net

43,475 sf

Occupancy

100%

Year built

1997

Land area net

5.51 acres

WALT

9.2 years

Clear height

20 ft

Media

Investment Highlights

INVESTMENT-GRADE TENANT WITH 9.2 YEAR LEASE TERM

AT&T Illinois (BBB credit rating) leases the property through December 31, 2034, recently extended 10 years.
AT&T reported strong Q2 2025 performance with $30.8B revenues and $11.7B EBITDA.

MISSION-CRITICAL FLEET FACILITY

43,475 SF serves as AT&T’s service technician hub and fleet parking facility for Chicago operations.

OUTDOOR STORAGE

This Property features three large covered carports equipped with 96 covered parking stalls and space for vehicle maintenance. The property includes 79 employee parking stalls.

RECENTLY IMPROVED PROPERTY

Parking lot recently repaved with additional $294,135 in landlord improvements scheduled for completion by December 31, 2025.

PRIME LOCATION

Strategic location in Lake County submarket with 5.2% vacancy rate and record high asking rents. Gurnee offers strong demographics, major employers (Abbott, AbbVie, Caterpillar, State Farm), and excellent connectivity to Chicago metro.