Crash Champions

2738 West Fulton Street, Chicago, IL 60612

$6,761,670

Cap Rate 5.45%

Views: 57 Updated: 11.20.23 Posted: 11.17.23 Status: Inactive

Summary

Price $6,761,670	Built/Renov 2022	Tenant Crash Champions
Cap Rate 5.45%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 23,000	Lease Start 07-10-2022	#Units 600
Price/SF $293.99	Expiration 07-09-2042	Tenant Type Automotive
NOI $368,511	R. Term 17.6	Ownership Fee Simple
Rent/SF $16.02	Increases 10.0%/4/yrs	Pop 5Mi 1,192,565
Lot/AC 1.47	Options 4/5yrs/10%	AHHI 5Mi $112,641

Patrick Hammond

Fortis Net Lease

Contact

Lease Highlights

Brand new 2022 construction
Tenant recently signed a new 20-year lease with 4 (5-year) options to extend
The lease features 10% rent increases every 5 years in primary term and renewal options
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Crash Champions is strategically located on W. Fulton St. which sees 5,339+ vehicles passing by daily. It is also within close proximity to I-290 which boasts an additional 223,425+ vehicles per day. This is a densely packed area, with numerous businesses and residences neighboring the property. The site benefits from extremely strong demographics, with an estimated 1,192,565 residents,...

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Key Features

New construction
Strategically located
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Crash Champions Wikipedia Chicago, Illinois Zip Code 60612 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Crash Champions
Guarantor:Corporate
Company:Crash Champions
# Units:600
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
2028 Total Population :	36,579	445,931	1,274,284
2023 Total Population :	36,644	438,956	1,271,443
2023 Employed Civilian Pop :	18,596	239,481	715,694
2023 Total Businesses :	1,277	16,072	54,068
2023 Average Household Income :	$ 89,335	$ 119,407	$ 132,007
2023 Total Consumer Spending :	$ 1238 M	$ 19698 M	$ 63320 M
2023 Median Age :	34	33	34
2023 Total Households :	15,880	190,096	557,248
2023 Pop Age 25+: Bachelor's Degree :	7,162	87,059	264,573
2023 Average Home Value :	$ 444,566	$ 469,871	$ 506,423

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North California Avenue	Alley	2018	2,700	0.02 mi
N California Ave	W Walnut St	2002	14,500	0.08 mi
	N Francisco Ave	2022	5,400	0.15 mi
N California Ave	W Maypole Ave	2010	7,800	0.19 mi
West Lake Street	N Talman Ave	2022	10,450	0.21 mi
West Washington Boulevard	N Mozart St	2022	4,100	0.24 mi
North California Avenue	Alley	2022	12,700	0.24 mi
N Sacramento Blvd	W Fulton St	2014	17,200	0.28 mi
North Sacramento Boulevard	W Fulton St	2018	5,500	0.28 mi
North Sacramento Boulevard	W Grand Ave	2022	17,800	0.28 mi

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