1655 Irving Park Rd - Auto Repair FOR SALE


Hanover Park, IL 60133
$1,493,506 USD
847-384-2840
1655 Irving Park Rd, Hanover Park, IL for Sale
$1,493,506 USD
Auto Repair - FOR SALE
1/1
null | 7.7% Cap Rate

1655 Irving Park Rd
Hanover Park, IL 60133


HIGHLIGHTS

  • Located in main retail corridor with numerous national brands.
  • Populated residential area with 119,000+ within 3 mile radius
  • Property is proximate to national tenants McDonald’s, Walgreens, Menards, Bank of America and more
  • Brand new lease term
  • Well know national brand – significantly expanding franchisee
  • Absolute NNN lease

OVERVIEW

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a newly remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella. This 4,182-square-foot property is located on Irving Park Road (I19) just west of Barrington Road. The property sits at the hub of the Hanover Park retail corridor surrounded by retail and residential. Irving Park Road brings 23,000+ people by the property daily and the Intersection at Barrington Road has 30,700+. There are over 18,900+ people within 1 mile and 119,000+ people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,493,506, corresponding to a 7.70% cap rate.

FOR SALE DETAILS

PRICE

$1,493,506 USD

PRICE/SF

$357 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Car-x Auto Service

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B-2, Hanover Park

APN/PARCEL ID

06-25-403-024-0000

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.