Caliber Collision & Enterprise | Berwyn, IL
Caliber Collision and Enterprise | 7.25% CAP | 15,010 SF | Berwyn (Chicago MSA), IL
Marketing description
Executive Summary
Transwestern Commercial Services, a full service commercial real estate firm, as exclusive broker, is pleased to offer for sale the two-tenant Caliber Collision and Enterprise Rent-a-Car (“Property” or “The Property”) located in Berwyn (Chicago), Illinois.
The Property is located at 6305 Ogden Ave, Berwyn, Illinois. It offers an investor a terrific opportunity to own a retail asset situated in an infill, high-density, high traffic, retail sub-market, at a location with a long operating history and minimal landlord responsibilities.
The Property consists of 0.76 acres of land and 15,010 square feet of building. The Property benefits from being located on heavily traveled Ogden Avenue (22,600 vehicles per day), a major east-west thoroughfare that connects the city of Chicago to many of the southwest suburbs. The area is extremely infill with over 230,000 people in a three-mile radius and 667,000 people in a five-mile radius.
The immediate trade area boasts other major tenants including MacNeal Hospital, PNC Bank, Byline Bank, Walgreens, Taco Bell, Midas, Safelite, AutoZone, Dollar Tree, Chase Bank, McDonald’s and many others.
The Property is in the Cicero/Berwyn Retail Submarket with a total inventory of 11.1 million SF of retail space and a low vacancy factor of 4.6%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $19.08 Net.
Investment highlights
Long term net lease - 5.0 years of lease term remaining with tenant options
Strong Tenancy - Corporate Guarantee from Caliber Collision and Enterprise Rent-a-Car
Population Density - 230,000 people in a 3-mile radius and over 667,000 people in a 5-mile radius
High Visibility - Located on Ogden Avenue with over 22,600 vehicles per day
Stable Cash Flow
Previously Extended Lease Term proving tenant commitment to the site
Infill Suburban Sub-market - retail, residential, hospitality and businesses surrounding the property
Proximity to Midway - 5.7 miles from Midway International Airport
Solid Incomes - Average household income within a 3-mile radius is over $99,000
Can be acquired as portfolio with 7606 W. Touhy Ave., Chicago, IL - https://www.crexi.com/properties/1959114/illinois-caliber-collision---chicago-il-edison-park-neighborhood
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
