2957 Kirk Rd - Freestanding FOR SALE


Aurora, IL 60502
$1,539,000 USD
949-506-2007
2957 Kirk Rd, Aurora, IL for Sale
$1,539,000 USD
Freestanding - FOR SALE
1/10
null | 5.85% Cap Rate

2957 Kirk Rd
Aurora, IL 60502


HIGHLIGHTS

  • 15-Year Lease | Franchisee Guaranteed | 10% Increases Every 5 Years
  • Absolute NNN Leased Ground Lease | Zero Landlord Responsibilities
  • Prime Retail Corridor | High-Traffic Western Chicago Suburban Location
  • Attractive Market Demographics | Dense & Affluent Trade Area
  • Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Aurora, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (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.

FOR SALE DETAILS

PRICE

$1,539,000 USD

PRICE/SF

$770 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Commercial

APN/PARCEL ID

12-36-353-009

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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