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27150411
27150412

31 W North Ave, Northlake, IL 60164

CT
IL 475165868
Northmarq - Chicago
IH
IL IL 471019332
Northmarq - Chicago
Listed by Northmarq - Chicago
$1,011,969
50 days on market
Updated 6 days ago

Take 5 Oil Change

Details
APN 15-06-206-009-0000
Property Type Retail
Sub Type Auto Shop
Square Footage 1,541
Units 1
Cap Rate 6.35%
NOI $64,260
Occupancy 100%
Tenancy Single
Lease Term 15.5
Lease Expiration 04/30/2041
Remaining Term 15
Year Built 2025
Acreage 0.240
Zoning Commercial
Lease Commencement 11/01/2025
Ground Lease Yes

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

Listing Contacts

CT
IL 475165868
Northmarq - Chicago
IH
IL IL 471019332
Northmarq - Chicago
Listed by Northmarq - Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,260.00
$5,355.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Christian Tremblay
License
475165868
Brokerage Phone
3128586725
Brokerage Address
191 North Wacker
Name
Isaiah Harf
License
IL 471019332
Brokerage Phone
773-963-2637
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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