4435-4437 N Harlem Ave - Freestanding FOR SALE


Norridge, IL 60706
$1,462,000 USD
630-570-2283
4435-4437 N Harlem Ave, Norridge, IL for Sale
$1,462,000 USD
Freestanding - FOR SALE
1/10
null | 6.5% Cap Rate

4435-4437 N Harlem Ave
Norridge, IL 60706


HIGHLIGHTS

  • Take 5 Oil Change with a 15-year ground lease | Brand new construction
  • Franchisee guaranty from Welms Group Holdings, LLC, a multi-unit Take 5 franchisee operating 8 locations in Illinois
  • Frontage along N Harlem Avenue, which sees 24,800 vehicles per day
  • 1.3 miles from on/off ramp of Interstate 90, which sees 187,700 vehicles per day
  • Surrounded by top ranked shopping centers, new retail developments, schools, and a country club
  • 27,709 residents and 26,407 employees within a mile-radius

OVERVIEW

This brand new construction Take 5 Oil Change is backed by a 15-year ground lease scheduled to commence at the close of escrow. The lease features 1.5% annual rent increases and three, 5-year renewal options, providing stable, long-term cash flow with zero landlord responsibilities. The asset is strategically positioned along N Harlem Avenue (24,800 VPD), just 1.3 miles from I-90 (187,700 VPD) and six miles from O’Hare International Airport, offering exceptional accessibility and visibility. The property is surrounded by top-performing retail destinations including Harlem Irving Plaza, Norridge Commons, and Harwood Commons, collectively drawing millions of annual visitors and featuring national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl’s and Burlington. The densely populated trade area includes over 27,000 residents and 26,000 employees within a one-mile radius, supported by an affluent demographic with average household income exceeding $113,000.

FOR SALE DETAILS

PRICE

$1,462,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-18-112-009-0000,13-18-112-010-0000

ASK ABOUT THIS PROPERTY

Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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