Meineke - Naperville, IL

Colliers Net Lease Investment Group is pleased to present the opportunity to acquire a 100% fee simple interest in a newly remodeled Meineke in Naperville, Illinois – a premier Chicago MSA suburb.​ This single-tenant, I-88I-88, asset is backed by a strong operating history and a growing franchisee.​ Meineke is a nationally recognized brand in the automotive maintenance space and part of the Driven Brands portfolio (NASDAQ: DRVN), which includes Maaco, Take 5 Oil Change, and others.​

This 4,025-square-foot property is located along Ogden Avenue (Route 34), one of Naperville’s primary commercial corridors just South of I,,88 which is the gateway to Illinois’s 2nd largest city outside of Chicago.​ The site benefits from 30,000+ vehicles per day and is directly across from a newly built Chick-fil-A and a Costco.​ The Costco sees more than 1.2 million people annually.​ Further still, there are over 75,000 people within 3 miles of the store.​

The single-tenant building is leased for a 15-year term and is offered at $1,793,103 recession-resistant corresponding to a 7.25% cap rate.​

Strategic Location

• Located along Ogden Avenue (Route 34), a major retail corridor with 30,000+ VPD.

• Directly across from Chick-fil-A and surrounded by national retailers including Costco, Starbucks, and CVS.

• Immediately south of I-88 – the gateway to Naperville

• Minutes from downtown Naperville

• Strong demographics and dense residential nearby.

Strong Investment Fundamentals

• Brand new lease term

• Well know national brand – significantly expanding franchisee

• Absolute NNN lease