Meineke - Hanover Park, IL

Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a newly 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 4,182-square-foot property is located on Irving Park Road (I19) just west of Barrington Road.​ The property sits at the hub of the Hanover Park retail corridor surrounded by retail and residential.​

Irving Park Road brings 23,000+ people by the property daily and the Intersection at Barrington Road has 30,700+.​ There are over 18,900+ 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 $1,533,333 corresponding to a 7.50% cap rate.​

Strategic Location

• Located in main retail corridor with numerous national brands.

• Populated residential area with 119,000+ within 3 mile radius

• Property is proximate to national tenants McDonald’s, Walgreens, Menards, Bank of America and more

Strong Investment Fundamentals

• Brand new lease term

• Well know national brand – significantly expanding franchisee

• Absolute NNN lease