Take 5 Oil Change
Retail | 6.35% CAP | 1,541 SqFt
Marketing description
Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale to qualified investors, the opportunity to purchase a ground lease in the Take 5 Oil Change located in Northlake, IL (“the Property”). The Property consists of a +/- 1,541 square foot freestanding retail building. The Property is an outparcel to Sam’s Club, Walmart, Ross Dress for Less, and Home Depot, strategically positioned along North Avenue with direct access to I-290 and I-294. Constructed in 2025, the Property features brand-new building systems, modern plumbing and bathrooms, and complete site work including a newly paved parking lot. Take 5 is operating under a brand new ground lease with 15.5 years of base lease term remaining and three (3), five (5)-year extension options. Additionally, the lease features 2.00% annual rent escalations and zero landlord responsibilities, making this a highly passive net lease investment opportunity.
Investment highlights
Long Term, Ground Lease with Annual Rental Increases
Guaranty from Experienced Multi-Unit Operator
Newly Constructed Building to Latest Specifications
Highly Trafficked Retail Corridor w/ Excellent Visibility
Excellent Local Elmhurst and Regional Access
Near Chicago O’Hare International Airport & Public Transportation
Chicago MSA Acquisition Opportunity w/ Strong Demographics
Recession-Resistant Industry
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