9640 S Cicero Ave - Auto Repair FOR SALE


Oak Lawn, IL 60453
$1,676,000 USD
312-279-5342
9640 S Cicero Ave, Oak Lawn, IL for Sale
$1,676,000 USD
Auto Repair - FOR SALE
1/8
null | 7.25% Cap Rate

9640 S Cicero Ave
Oak Lawn, IL 60453


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Located Along Cicero Avenue | Chicago MSA | Dense Retail Corridor | Saint Xavier University
  • Direct Residential Consumer Base | Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant recently signed a brand new 15-year lease with 5 (5-year) option periods, demonstrating their long-term commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation • The asset is strategically positioned along S. Cicero Avenue with clear visibility and access to an average of 44,000 vehicles passing by daily • The site is located in the Southwest Suburbs of Chicago, making it an ideal and centralized location with easy commutes • The asset is ideally situated within walking distance to Shops at 95th & Cicero (77K+ SF), Green Oak Shopping Center (91K+ SF), Village of Oak Lawn (296K+ SF), and other centers • More than 464,400 residents and 162,300 employees support the trade area • Residents within 1 mile of the site boast an annual average household income of $106,415

FOR SALE DETAILS

PRICE

$1,676,000 USD

PRICE/SF

$762 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | New 15-Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-2

APN/PARCEL ID

24-09-221-032-0000

ASK ABOUT THIS PROPERTY

Dan ElliotSRS National Net Lease GroupMore Info
312-279-5342

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Dan ElliotSRS National Net Lease GroupMore Info
312-279-5342

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