660 Ogden Ave - Auto Repair FOR SALE


Downers Grove, IL 60515
$2,000,000 USD
314-324-8792
660 Ogden Ave, Downers Grove, IL for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/6
null | 7% Cap Rate

660 Ogden Ave
Downers Grove, IL 60515


HIGHLIGHTS

  • 15-Year Absolute NNN Lease: Zero landlord responsibilities from day one.
  • 2% Annual Rent Bumps: Built-in growth + inflation hedge.
  • Strong Unit Economics: ~3.0x EBITDAR-to-rent coverage.
  • High-Traffic Corridor: 30,000 VPD on Ogden Ave. with major national co-tenancy.
  • Affluent Submarket: $155K avg. HH income, 86K residents within 3 miles.

OVERVIEW

This offering features a 15-year absolute NNN lease commencing at closing, providing zero landlord responsibilities throughout the term. The lease includes structured 2.00% annual rent increases, delivering consistent income growth and a hedge against inflation. The tenant operates a profitable auto repair business with approximately 3.0x EBITDAR-to-rent coverage, offering strong unit-level economics and room for continued growth. Strategically located along Ogden Avenue, the property benefits from exposure to approximately 30,000 vehicles per day and sits within a dominant retail corridor extending from the City of Chicago through the western suburbs, surrounded by national retailers including Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi. The asset is positioned in Downers Grove, an affluent Chicago MSA suburb with a population of 86,000 and an average household income of $155,000 within a three-mile radius.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diehl Auto Repair

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

N

APN/PARCEL ID

09-05-212-011

ASK ABOUT THIS PROPERTY

Graham GoldStream Capital PartnersMore Info
314-324-8792

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Graham GoldStream Capital PartnersMore Info
314-324-8792

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