6112 & 6154 W 111th St - Auto Repair FOR SALE


Chicago Ridge, IL 60415
$1,376,623 USD
847-384-2840
6112 & 6154 W 111th St, Chicago Ridge, IL for Sale
$1,376,623 USD
Auto Repair - FOR SALE
1/3
null | 7.7% Cap Rate

6112 & 6154 W 111th St
Chicago Ridge, IL 60415


HIGHLIGHTS

  • Located in main retail corridor with numerous national brands
  • Populated residential area with 120,000 within 3 mile radius
  • 111th St. has a high traffic count with about 34,000 vehicles per day.
  • Well known tenant
  • Urban site
  • Absolute NNN lease

OVERVIEW

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a remodeled Meinke location in the Chicago MSA. This is a chance to acquire a recession proof single- tenant net lease with a good operating history and a growing franchisee. Meineke is one of the leading brands in auto-maintenance and repair and is now under the Driven Brands umbrella. This 2,242-square-foot property is located on 111th Street just west of the I294 on off ramp in the south suburb of Chicago Ridge. The property sits on a commercial corridor surrounded by industrial parks and residential. 111th Street brings 33,800+ people by the property daily. There are over 15,000 people within 1 mile and 119,000+ people within 3 miles of the store. The single-tenant building is leased for a 15 year term and is offered at $1,376,623 corresponding to a 7.70% cap rate.

FOR SALE DETAILS

PRICE

$1,376,623 USD

PRICE/SF

$614 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

24-17-308-002-0000,24-17-308-033-0000

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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