1156 E Ogden Ave - Auto Repair FOR SALE


Naperville, IL 60563- Naperville/Lisle
$1,843,972 USD
847-384-2840
1156 E Ogden Ave, Naperville, IL for Sale
$1,843,972 USD
Auto Repair - FOR SALE
1/2
null | 7.05% Cap Rate

1156 E Ogden Ave
Naperville, IL 60563
Naperville/Lisle


HIGHLIGHTS

  • Located along Ogden Avenue (Route 34), a major retail corridor with 30,000+ VPD.
  • Directly across from Chick-fil-A and surrounded by national retailers including Costco, Starbucks, and CVS.
  • Immediately south of I-88 – the gateway to Naperville
  • Minutes from downtown Naperville
  • Strong demographics and dense residential nearby

OVERVIEW

Colliers Net Lease Investment Group is pleased to present the opportunity to acquire a 100% fee simple interest in a newly remodeled Meineke in Naperville, Illinois – a premier Chicago MSA suburb. This single-tenant, recession resistant asset is backed by a strong operating history and a growing franchisee. Meineke is a nationally recognized brand in the automotive maintenance space and part of the Driven Brands portfolio (NASDAQ: DRVN), which includes Maaco, Take 5 Oil Change, and others. This 4,025-square-foot property is located along Ogden Avenue (Route 34), one of Naperville’s primary commercial corridors just South of I88 which is the gateway to Illinois’s 2nd largest city outside of Chicago. The site benefits from 30,000+ vehicles per day and is directly across from a newly built Chick-fil-A and a Costco. The Costco sees more than 1.2 million people annually. Further still, there are over 75,000 people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,843,972 corresponding to a 7.05 cap% cap rate.

FOR SALE DETAILS

PRICE

$1,843,972 USD

PRICE/SF

$458 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C

APN/PARCEL ID

08-08-105-022

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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