5410 W Belmont Ave - Auto Repair FOR SALE


Chicago, IL 60641- Cragin
$1,111,111 USD
312-957-7212
5410 W Belmont Ave, Chicago, IL for Sale
$1,111,111 USD
Auto Repair - FOR SALE
1/5
null | 6.75% Cap Rate

5410 W Belmont Ave
Chicago, IL 60641
Cragin


HIGHLIGHTS

  • Lease Term
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Potential Bonus Depreciation
  • Recession Resistant Investment
  • Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Take 5 Oil Change located at 5410 W Belmont Avenue in Chicago, Illinois (the “Property”). This is a sale-leaseback of a free-standing single tenant Take 5 Oil Change consisting of a single-story 2,200 square foot building with three (3) automotive bays and an office/retail area on a 0.43-acre corner parcel. Take 5 Oil Change will sign a new 15-year Absolute NNN Lease, with three (3), 5-year renewal options upon the close of escrow. The lease calls for attractive 1.5% annual increases in rent throughout the base term and each of the renewal options. The property is extremely well located at the signalized intersection of N Long Avenue and W Belmont Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is part of a dense trade area that is home to numerous retailers, restaurants, and businesses, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools and is surrounded by densely populated residential neighborhoods providing a built-in customer base.

FOR SALE DETAILS

PRICE

$1,111,111 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

B3-1

APN/PARCEL ID

13-21-328-036-0000,13-21-328-037-0000,13-21-328-038-0000,13-21-328-039-0000,13-21-328-040-0000,13-21-328-041-0000

ASK ABOUT THIS PROPERTY

Michael MintzHorvath & TremblayMore Info
312-957-7212

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Michael MintzHorvath & TremblayMore Info
312-957-7212

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