STREAM Capital Partners > Properties > All Properties > Diehl Auto Repair

Diehl Auto Repair

Sale Leaseback

660 Ogden Avenue, Downers Grove, Illinois
Ownership Type:
Fee Simple
Price:
$2,000,000
Cap Rate:
7.00%
Current Rent:
$140,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Renewal Options:
4, 5-year options
Building Sq. Ft.:
4,386 SF
Rent Increases:
2.00% Annually
Site Size:
0.41 Acres

Investment Highlights

  • Long Term Absolute NNN Lease: The tenant will sign a 15 year, abs. NNN lease at COE providing no landlord responsibilities for the duration of the lease term.
  • Annual Rental Increases: Structured 2.00% annual rent increases every year providing excellent rent growth and a hedge against inflation.
  • Profitable Auto Repair Business: Approximately 3x EBITDAR:Rent coverage giving the business plenty of room for future growth.
  • Primary Retail Thoroughfare: Ogden Ave. provides exposure to 30,000 VPD and is a prominent retail thoroughfare, stretching from the City of Chicago through the western suburbs. Other nearby retailers include Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonalds, Panera, and Aldi, among others.
  • Affluent Chicago MSA Location: Downers Grove is an affluent area in Chicago’s western suburbs with 86,000 residents and an average household income of $155,000 within a 3 mile radius.
Ownership Type:
Fee Simple
Price:
$2,000,000
Cap Rate:
7.00%
Current Rent:
$140,000
Lease Type:
Triple Net
Lease Term:
15 years
Renewal Options:
4, 5-year options
Building Sq. Ft.:
4,386 SF
Rent Increases:
2.00% Annually
Site Size:
0.41 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Jonathan Wolfe

Managing Principal
312.310.2798[email protected]

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