7201 SW Southwest Hwy - Auto Repair FOR SALE


Worth, IL 60482
$880,000 USD
312-269-0220
7201 SW Southwest Hwy, Worth, IL for Sale
$880,000 USD
Auto Repair - FOR SALE
1/7
null | 6.75% Cap Rate

7201 SW Southwest Hwy
Worth, IL 60482


OVERVIEW

Stabilized Investment Opportunity Leased to Jiffy Lube on an absolute net-lease with a franchisee guarantee (400+ units) featuring zero landlord responsibility with 3.5 years remaining on the lease and (2) 5-year options with 7.5% increases. Current rent is below market, providing downside protection and strong re-leasing potential Irreplaceable Location Ideal high traffic location situated at the hard corner of Southwest Highway and Harlem Avenue which has a combined traffic count of 66,031 VPD Easily Accessible Site The site provides points of ingress/egress from both major thoroughfares on Southwest Highway and Harlem Avenue providing excellent visibility in addition to pylon signage E-commerce Resistant Automotive maintenance services remain unaffected by e-commerce disruption and represent an essential need. Jiffy Lube is a leading provider of oil changes and boasts more than 2,000 locations throughout North America Ideal Demographics Asset is located within a dense and affluent area with over 271,922 residents and an average household income of $104,200 within a 5-mile radius of the site Neighboring National Retail Tenants Surrounded by national tenants such as; Walmart, Pete’s Fresh Market, Jewel-Osco, Starbucks, White Castle, McDonald’s, Planet Fitness, Dollar Tree, and more

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

B-2, Worth

APN/PARCEL ID

23-13-201-045-0000

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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