1002 Brook Forest Ave - Freestanding FOR SALE


Shorewood, IL 60404
$4,094,000 USD
847-345-2827
1002 Brook Forest Ave, Shorewood, IL for Sale
$4,094,000 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

1002 Brook Forest Ave
Shorewood, IL 60404


HIGHLIGHTS

  • Absolute NNN lease structure – tenant is responsible for all maintenance, repairs, taxes, insurance, & operating expenses, a truly passive investment
  • CPI-based rental increases every 5 years, capped at 12%, offering built-in inflation protection and income growth potential
  • The subject property, formerly a NTB, has operated as a tire store for ~20 years and has an established customer base
  • The current lease term runs through May 2031, and the tenant has three, 5-year extension options
  • Essential service-oriented tenant in the automotive repair sector, benefiting from recurring consumer demand and limited e-commerce disruption

OVERVIEW

For sale is a freestanding Mavis Tires & Brakes operating under an absolute NNN lease structure, offering investors passive income with built-in inflation protection through CPI-based rent escalations. The subject property is located in a growing suburb of Chicago, and is outparcel to the Shorewood Crossing shopping center, which features daily needs retailers such as a Mariano’s grocery store, Marshalls, Orange Theory fitness, and Taco Bell.

FOR SALE DETAILS

PRICE

$4,094,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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