1809 Eastland Dr - Auto Repair FOR SALE


Bloomington, IL 61704
$1,350,000 USD
619-489-9004
1809 Eastland Dr, Bloomington, IL for Sale
$1,350,000 USD
Auto Repair - FOR SALE
1/8
null | 7% Cap Rate

1809 Eastland Dr
Bloomington, IL 61704


HIGHLIGHTS

  • Approximately 4 Years Remaining | Options To Extend | Established Tenant | 2022 Sales - $1.4 Billion
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong National/Credit Tenants | Dense Retail Trade Area
  • Western University (9,441 Students) | Multiple Medical Centers |Illinois State University (21,039 Students) | Regional Airport
  • Signalized, Hard Corner Intersection | Highly Traveled Corridor |State Highway 9 (23,900 VPD) | State Highway 55 (43,400 VPD)
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, Monro Auto Service investment property located in Bloomington, Illinois. The tenant, Monro Muffler Brake, Inc. has approximately 4 years remaining in their current term with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Monro Auto is one of the nations leading automotive service providers with over 1,300 stores and 9,000 services bays nationwide. With a rapidly growing market share and a focus on sustainable growth, Monro generated approximately $1.4 billion in sales in fiscal 2022 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monro Auto Service | 4yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

B-2

APN/PARCEL ID

21-02-277-002

ASK ABOUT THIS PROPERTY

Chad LieberSRS Real Estate PartnersMore Info
619-489-9004

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Chad LieberSRS Real Estate PartnersMore Info
619-489-9004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.