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Views: 124 DOM: 13 Updated: 09.05.24 Posted: 09.05.24 Status: Active

Summary

Price $1,000,000
Built/Renov 2023
Tenant Take 5 Oil Change (GL)
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 700
Lease Start 12-01-2024
#Units 1
Price/SF $1,428.57
Expiration 11-30-2039
Tenant Type Automotive
NOI $75,000
R. Term 15.2
Ownership Ground Lease
Rent/SF $107.14
Increases 10.0%/5/yrs
Pop 5Mi 865,119
Lot/AC 0.48
Options 6/5yrs/10%
AHHI 5Mi $88,494

Lease Highlights

  • New 2023 construction
  • Brand new 15-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Tenant is a successful multi-unit franchisee with a solid parent guaranty | Contact Agent for details

Location Description

Take 5 Oil Change is strategically located on S Cicero Avenue, with access to a daily traffic count of 39,600 vehicles. The property is situated within the Hawthorne Works Shopping Center, anchored by Cermak Produce, Burlington, and AMC Theatres. Nearby well-known national retailers include Walmart Supercenter, Target, Sam’s Club, Menards, and The Home Depot. The 5-mile trade area supports a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Take 5 Oil Change is an industry-leading quick lube service featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an average...


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Listing Broker

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