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Views: 88 DOM: 189 Updated: 10.10.24 Posted: 05.28.24 Status: Active

Summary

Price $3,770,000
Built/Renov 1991/2020
Tenant Crash Champions
Cap Rate 6.42%
Lease Type Double NN
Guarantor Corporate
Size/SF 18,700
Lease Start 10-01-2020
#Units 610
Price/SF $201.60
Expiration 10-01-2030
Tenant Type Automotive
NOI $241,955
R. Term 5.10
Ownership Fee Simple
Rent/SF $12.94
Increases 2.0%/1/yrs
Pop 5Mi 178,725
Lot/AC 1.08
Options 3/5yrs/2%
AHHI 5Mi $64,188

Lease Highlights

  • Crash Champions has 6+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Minimal landlord responsibilities
  • Corporate guaranteed lease

Location Description

Crash Champions is strategically positioned in a corner lot at the four-way intersection of West Walnut Street (5,394+ VPD) and S Market Avenue (1,359+ VPD). This prime location places it within two miles of the Jordan Valley Community Health Center and Cox North Hospital. Additionally, it is in proximity to several colleges and universities, boasting a combined student population of 41,000....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Crash Champions
  • Guarantor:Corporate
  • Company:Crash Champions
  • # Units:610
  • Stock:Private

About Tenant

Crash Champions began in 1999 with a small shop in New Lenox, IL, New Lenox Auto Body. After over 15 years of owning a small neighborhood collision center, Matt Ebert wanted to bring his vision to...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 16,360 94,961 181,775
2024 Total Population : 16,302 94,000 179,172
2024 Employed Civilian Pop : 7,080 44,864 88,732
2024 Total Businesses : 1,124 5,175 10,512
2024 Average Household Income : $ 42,084 $ 54,223 $ 63,713
2024 Total Consumer Spending : $ 282 M $ 1978 M $ 4543 M
2024 Median Age : 24 32 35
2024 Total Households : 7,421 40,735 80,121
2024 Pop Age 25+: Bachelor's Degree : 1,425 10,261 24,454
2024 Average Home Value : $ 140,288 $ 183,414 $ 224,145
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Market Ave W Pershing St 2002 1,118 0.03 mi
West Walnut Street S Hillcrest Ave 2022 911 0.03 mi
S Market Ave W Pershing St 2010 845 0.04 mi
S Market Ave W Walnut St 2002 896 0.05 mi
W Walnut St S Campbell Ave 2014 4,410 0.08 mi
S Campbell Ave W Pershing St 2014 5,780 0.09 mi
S Campbell Ave W Walnut St 2014 5,490 0.11 mi
W McDaniel St S Campbell Ave 2014 630 0.11 mi
W Walnut St S Campbell Ave 2014 4,230 0.12 mi
W Walnut St S Grant Ave 2012 3,790 0.14 mi

Listing Broker

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