The Mavis Tire & Brakes offering is located in the city of St. Charles, Kane County, Illinois. This is about 40 miles west of Chicago, and known as the "Pride of the Fox" for the Fox River which runs through it. St. Charles features a bustling downtown, a scenic riverwalk, and attractions like Pottawatomie Park and Hickory Knolls Discovery Center. The city is also noted for its family-friendly amenities, fine dining, unique shops, and a vibrant arts and entertainment scene, making it a popular Chicago suburb.
This Mavis location benefits from being located on the main retail corridor or East Main Street and it is adjacent the Target and Petco retail locations on one side with numerous national and regional retailers to the other side and on nearby pad sites. The location also benefits from a strong mixed-use area with industrial businesses and a dense residential corridor as evidenced by viewing the aerial photos provided in this Offering Memorandum.
*The 7.03% Cap rate is based on assumed CPI increase for spring 2027. The CPI index is already at 10.8% above the prior CPI index from spring 2022. Seller will credit a Buyer the rent differential of $2,980 per month from close of escrow through the March 2027.
As of August 2025, the U.S. Bureau of Labor Statistics (BLS) data indicates the index has already increased 10.8% over the prior adjustment index. Based on the assumption the cumulative CPI index will increased by 12% or more by the next rental increase date, it is assumed that base rent will increase as follows in June 2027:
$298,0977 X 112% = $333,846.
$333,846 - $298,077 = $35,769 / 12 = $2,980.75 Monthly Rent Credit To A Buyer
LISTED BY Illinois Broker of Record:
Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175