1205 E Rand Rd - Auto Repair FOR SALE


Arlington Heights, IL 60004- Des Plaines/Arlington Hts Corridor
$811,000 USD
773-305-4840
1205 E Rand Rd, Arlington Heights, IL for Sale
$811,000 USD
Auto Repair - FOR SALE
1/1
null | 8.01% Cap Rate

1205 E Rand Rd
Arlington Heights, IL 60004
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Tenant is AutoGlassNow!
  • Corporate Guarantee by Driven Brands (NASDAQ: DRVN)
  • Driven Brands Operates 5,000+ Locations Across North America
  • Single-Tenant Net Leased Property in Prospect Heights
  • High-Visibility Location on Busy Rand Road Retail Corridor
  • Surrounded by Dense Residential and National Retailers

OVERVIEW

Essex Realty Group, LLC. is exclusively engaged to market for sale 1205 E. Rand Rd., a single-tenant net-leased investment property located in the thriving northwest suburb of Prospect Heights on the border of Arlington Heights, Illinois. The property is 100% leased to Auto Glass Now, a national auto glass repair and replacement provider, on a long-term, net lease with minimal landlord responsibilities. The tenant, Auto Glass Now, operates under the umbrella of Driven Brands Holdings Inc. (NASDAQ: DRVN), the largest automotive services company in North America. Driven Brands’ expansive portfolio includes household names such as Take 5 Oil Change, Meineke, MAACO, Carstar, and Auto Glass Now, with more than 5,000 locations across 49 states and 10 countries. The guarantee from Driven Brands significantly enhances the credit profile of the lease and offers investors long-term income security backed by a publicly traded corporate entity with over $2 billion in annual revenue. The lease structure at 1205 E. Rand Rd. is a net lease deal, providing investors with passive income and limited management responsibilities, making it ideal for out-of-state or hands-off investors seeking stable, long-term cash flow. Located along the high-traffic Rand Road retail corridor, the property benefits from strong visibility and accessibility, with excellent surrounding demographics and proximity to national retailers and service providers. The Prospect Heights submarket boasts a robust economic base, strong consumer demand, and low vacancy rates, making it a premier suburban retail location. This offering presents an exceptional opportunity to acquire a stable, passive, net-leased asset backed by a nationally recognized and creditworthy guarantor. The investment offers immediate, predictable income and long-term security in one of suburban Chicago’s most attractive retail corridors.

FOR SALE DETAILS

PRICE

$811,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

B2A

APN/PARCEL ID

03-21-305-001-0000

ASK ABOUT THIS PROPERTY

Steven LivaditisEssex Realty Group, LLCMore Info
773-305-4840

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Steven LivaditisEssex Realty Group, LLCMore Info
773-305-4840

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