Deyoung Street and Sinclair Drive - Auto Repair FOR SALE


Marion, IL 62959
$1,993,000 USD
949-698-1115
Deyoung Street and Sinclair Drive, Marion, IL for Sale
$1,993,000 USD
Auto Repair - FOR SALE
1/9
null | 6.5% Cap Rate

Deyoung Street and Sinclair Drive
Marion, IL 62959


HIGHLIGHTS

  • 14+ Years Remaining | Well Known & Established Brand | Options To Extend | Scheduled Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Near National/Credit Retailers | Auto Dealerships
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, investment property located in Marion, Illinois. The tenant, Tvoc Marion, LLC, has over 14 years remaining on its lease with 8 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1984, Take 5 Oil Change is a nationally recognized brand with over 800 locations throughout the United States and Canada.

FOR SALE DETAILS

PRICE

$1,993,000 USD

PRICE/SF

$1,287 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 | 14+yrs Remain Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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