24361 W Eames St - Freestanding FOR SALE


Channahon, IL 60410
$1,647,300 USD
949-506-2007
24361 W Eames St, Channahon, IL for Sale
$1,647,300 USD
Freestanding - FOR SALE
1/11
null | 6% Cap Rate

24361 W Eames St
Channahon, IL 60410


HIGHLIGHTS

  • 19 Years Remaining | Franchisee Guaranteed | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • High-Visibility Location Near I-55 (60K+ VPD) | Industrial Corridor
  • Strong Demographics In 5-Mile Trade Area | Chicago MSA

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute, franchisee guaranteed, Valvoline investment property located in Channahon, Illinois (Chicago MSA). The tenant, A.D. Kenwood Company, has 19 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases during the first five years of the term, followed by 10% rental increases every 5 years throughout the remainder of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The tenant, A.D. Kenwood Company, is a top-performing Valvoline Instant Oil Change franchisee with exclusive development rights across the south Chicago suburbs and northwest Indiana, operating seven locations with additional sites in the pipeline. Additionally, qualifying oil change equipment and site improvements are eligible for 100% bonus depreciation, allowing investors to accelerate deductions and maximize tax benefits.

FOR SALE DETAILS

PRICE

$1,647,300 USD

PRICE/SF

$1,544 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C-2

APN/PARCEL ID

04-10-09-206-002

ASK ABOUT THIS PROPERTY

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949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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