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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 17.10
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

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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Maps

  • 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

Listing Broker

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