2101 N Gary Ave - Retail FOR SALE


$2,800,000 USD
312-279-5342
2101 N Gary Ave, Wheaton, IL for Sale
$2,800,000 USD
Retail - FOR SALE
1/11
null | 5% Cap Rate


HIGHLIGHTS

  • Brand New 25-Year Lease | 2025 Construction | 10% Increases
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strong Retail Corridor | Nearby Medical & Community Drivers | Adjacent to Wheaton North High School (1,872 Students)
  • Strategic Wheaton Location | N. Gary Avenue Frontage (16,100 VPD)
  • Affluent 5-Mile Trade Area | Strong Population & Employment Base

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Tommy’s Express Car Wash investment property located in Wheaton, Illinois. The tenant, ZJF Wash One, LLC (dba Tommy’s Express Car Wash) recently signed a brand new 25 year lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The Tommy’s Express Car Wash is located along N. Gary Avenue with direct frontage and exposure to approximately 16,100 vehicles per day. The asset is positioned just south of Geneva Road, a major east/west commercial corridor with approximately 26,900 vehicles per day, and benefits from two access points along N. Gary Avenue. The property is located within a strong retail corridor surrounded by national/credit tenants including Tim Hortons, Dunkin’, Subway, Starbucks, Goodwill, Jiffy Lube, PNC Bank, Verizon, UPS, Firestone, Wendy’s, Home Depot, Jimmy John’s, Jack in the Box, Tropical Smoothie Cafe, U.S. Bank, Jewel-Osco, Dollar Tree, Ace Hardware, and more, further increasing consumer traffic to the site. The subject property is also located near major community and demand drivers including Wheaton North High School, Wheaton College, Glenbard West High School, Glenbard East High School, and Northwestern Medicine Central DuPage Hospital, a 390-bed / 505,000 square foot regional medical facility. The 5-mile trade area is supported by a population of approximately 238,569 residents with an average household income of approximately $150,372.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Tommy's Express Car Wash

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-3

APN/PARCEL ID

05-08-200-037

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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