2650 W 95th St - Auto Repair FOR SALE


Evergreen Park, IL 60805
$1,333,333 USD
847-562-0003
2650 W 95th St, Evergreen Park, IL for Sale
$1,333,333 USD
Auto Repair - FOR SALE
1/2
null | 6.75% Cap Rate

2650 W 95th St
Evergreen Park, IL 60805


HIGHLIGHTS

  • Over 586,000 people live within a ?ve-mile radius
  • Mariano’s (Kroger) shadow anchor
  • NNN ground lease – no landlord responsibilities
  • Located along 95th St (36,400 VPD) & proximity to the Dan Ryan Expy (266,000 VPD)
  • Walking distance from OSF HealthCare Little Company of Mary Medical Center (298 beds)
  • Affluent area – Average household income within one mile is $135,835

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Take 5 Oil Change property positioned within the Chicago MSA in Evergreen Park, Illinois. Take 5 has been operating at this location following the completion of construction in 2021. The asset features a ground lease through February 2033 with 7.5% rental escalations every ?ve years – the next escalation occurs in March 2027. Escalations continue into the six, 5-year renewal options. The ground lease presents no landlord responsibilities and a guaranty from a 6-unit franchisee. The 1,765 square-foot building bene?ts from its prime location directly across from Mariano’s (Kroger) and along 95th Street, which sees over 36,400 vehicles per day. Located immediately east of the property is Western Avenue, a dense retail corridor home to major national tenants such as Walmart Supercenter, ALDI, Sam’s Club, Menards, Meijer, Whole Foods, Macy’s, Petco, Five Below, and several others. Additionally, the property is located just minutes from the Dan Ryan Expressway which sees 266,000 vehicles per day. The subject property is within walking distance to OSF Little Company of Mary, a 298-bed medical center that draws continual traffic along 95th Street. There are over 586,000 people who live within a within a ?ve-mile radius. This affluent population earns an average household income of $135,835 within one mile of the property. Take 5 Oil Change was founded in Metairie, LA in 1984 with the mission to provide fast, friendly, affordable oil changes with an emphasis on an exceptional customer experience. They currently have more than 1,000+ locations in 23 states with an additional 950 units in the pipeline and plans for further expansion into additional states. Long term their goal over the next ten years is to grow to more than 2,000 locations. Take 5 Oil Change is a wholly owned subsidiary of Driven Brands (NASDAQ: DRVN), a leading automotive services company. The franchisee currently operates six locations and has plans to open an additional 2-3 stores per year.

FOR SALE DETAILS

PRICE

$1,333,333 USD

PRICE/SF

$755 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

24-01-403-016-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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