Jiffy Lube

18233 South Halsted Street, Glenwood, IL 60425

$1,521,150

Cap Rate 7.00%

Views: 164 Updated: 08.21.24 Posted: 11.29.23 Status: Inactive 08.21.24

Summary

Price $1,521,150	Built/Renov 2002	Tenant Jiffy Lube
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,500	Lease Start 04-01-2023	#Units 550
Price/SF $608.46	Expiration 03-31-2033	Tenant Type Automotive
NOI $106,480	R. Term 8.4	Ownership Fee Simple
Rent/SF $42.59	Increases 10.0%/5/yrs	Pop 5Mi 197,603
Lot/AC 0.36	Options 1/10yrs/10%	AHHI 5Mi $85,716

Lease Highlights

Jiffy Lube has been operating in this location for over 20 years
Tenant has 9+ years remaining on the current lease term with 1 (10-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Team Car Care the largest quick lube franchisee in the country

Location Description

Jiffy Lube is located along Halsted Street where traffic counts average 35,200 vehicles per day, and near I-294 which sees 159,400+ vehicles daily. Nearby national retailers include Walgreens, The Home Depot, Target, Menards, Best Buy, TJMaxx, and many others, creating a strong drive to the immediate trade area. Located just a mile from the Jiffy Lube, Wind Creek Chicago Southland will be the...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Top franchise operator

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Glenwood, Illinois Zip Code 60425 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Franchisee
Company:Team Car Care
# Units:550
Tenant S&P: AA-
Moody’s: Aa2
Stock: NYSE: SHEL

About Tenant

Jiffy Lube International, Inc., dba Jiffy Lube, is an automotive service chain offering oil changes and various other services. Besides oil changes, Jiffy Lube facilities offer a wide range of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,148	62,290	193,501
2023 Total Population :	9,382	63,889	197,603
2023 Employed Civilian Pop :	4,324	29,798	86,720
2023 Total Businesses :	328	2,131	6,227
2023 Average Household Income :	$ 97,781	$ 97,166	$ 85,716
2023 Total Consumer Spending :	$ 299 M	$ 1968 M	$ 5397 M
2023 Median Age :	44	41	40
2023 Total Households :	3,596	23,704	72,927
2023 Pop Age 25+: Bachelor's Degree :	1,909	9,221	23,970
2023 Average Home Value :	$ 210,409	$ 216,485	$ 202,526

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
183rd Street	Highland Ave	2022	15,100	0.12 mi
Halsted Street	Elder Rd	2019	28,400	0.12 mi
IL 1		2021	35,200	0.18 mi
Bruce Lane	Arquilla Dr	2018	2,800	0.18 mi
Halsted Street	Ridge Rd	2022	11,000	0.28 mi
Ridge Rd	Bretz Dr	2014	10,100	0.38 mi
Arquilla Drive	Longwood Ct	2022	2,850	0.45 mi
Center Avenue	Elder Rd	2022	1,500	0.53 mi
Center Avenue	Evergreen Rd	2018	1,550	0.54 mi
Ridge Rd	Center Ave	2021	10,300	0.56 mi

Listing Broker

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
5846 Views
10 Sold

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
5846 Views
10 Sold

Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

68 Listings
5846 Views
10 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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