Take 5 Oil Change

4629 W. Cermak Road, Cicero, IL
Deal Type:
Net Lease
Price:
$1,000,000
Cap Rate:
7.50%
Current Rent:
$75,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Six, 5 Year Options
Building Sq. Ft.:
700 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.48 Acres

Investment Highlights

  • Commitment: New 15-year absolute NNN ground lease structure with zero landlord responsibilities to allow for passive ownership
  • Scheduled Rent Increases: 10% rental increases every 5 years to hedge against inflation
  • Strong Operator: Tenant is a successful multi-unit franchisee with a solid parent guaranty
  • Location: Situated just off the corner of W Cermak Rd & Cicero Ave with a combined vehicles per day of 66,166
  • Trade Area: Located within Hawthorne Works Shopping Center anchored by Cermak Produce, Burlington, and AMC Theatres. Other national retailers in the area include Walmart Supercenter, Target, Sam’s Club, Menards, The Home Depot
  • Low Price Point Asset: Attractive purchase price for a 1031/private buyer
  • Demographics: The property is located in an affluent suburb of Chicago, supported by a robust base of 331,700 residents and boasts an average household income greater than $70,200+ within a 3-mile radius

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

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