5415 N Harlem Ave - Auto Repair FOR SALE


Chicago, IL 60656- Norwood Park
$2,444,000 USD
214-561-6004
5415 N Harlem Ave, Chicago, IL for Sale
$2,444,000 USD
Auto Repair - FOR SALE
1/9
null | 4.5% Cap Rate

5415 N Harlem Ave
Chicago, IL 60656
Norwood Park


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | 10% Rent Increase in Year 10 | Long-Term Passive Investment
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Proximity to O’Hare International Airport | Regional Connectivity | Established Retail Trade Area
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased AutoZone investment property located in Chicago, Illinois. AutoZone recently executed a 15-year lease extension through August 31, 2041 with 8 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features a scheduled 10% Rental Increase in Year 10, providing built-in NOI growth and an attractive hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,444,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

AutoZone | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

B3-1

APN/PARCEL ID

13-07-109-017-0000,13-07-109-018-0000,13-07-109-019-0000

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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