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29683588
29683589

14701 S Cicero Ave, Midlothian, IL 60445

CL
CA 02042182
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
ZW
CA - 021119181
Listed by SRS Real Estate Partners Newport Beach
$2,500,000
117 days on market
Updated 27 days ago

Take 5 Oil Change | Signalized Hard Corner | Chicago (MSA)

Details
APN 28-10-300-015, 28-10-300-017 & 28-10-300-162
Property Type Retail
Sub Type Auto Shop
Square Footage 3,000
Cap Rate 6%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change (+2)
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 (5-Year)
Price per SqFt $833
Year Built 1989
Year Renovated 2020
Buildings 1
Stories 1
Acreage 0.520
Zoning B3: Community Commercial
Parking Spaces 8 spaces
Parking Per SqFt 2.67
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease Yes
Ownership Leased Fee (Land Ownership)

6.00% CAP | New 15 Year NNN GL | Signalized Hard Corner

Marketing description

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Midlothian, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Take 5 Oil Change is located along S. Cicero Avenue, a major north–south retail and commuter corridor serving the southern Chicago suburbs, with exposure to 38,300 vehicles per day. The property also benefits from close proximity to 147th Street / State Highway 83 (19,600 VPD) and Interstate 294 (75,100 VPD), providing exceptional regional connectivity and accessibility throughout the Chicago metropolitan area. The subject property is positioned within a dense and established retail corridor surrounded by a strong mix of national and credit tenants including Walmart Supercenter, Target, Menards, Aldi, Walgreens, Dunkin’, Taco Bell, Popeyes, Dollar Tree, Dollar General, McDonald’s, and numerous other retailers and service providers. The area functions as a dominant commercial hub for Midlothian and surrounding communities, driving consistent daily traffic to the site. Additionally, the property benefits from its infill location within the Chicago–Naperville–Elgin MSA, one of the largest and most economically diverse metropolitan markets in the United States. The five-mile trade area is supported by approximately 230,600 residents, with average household incomes approaching $100,000, providing a strong demographic base for automotive service demand and long-term tenant performance.

Investment highlights

  • 15-Year Lease | Franchisee Guaranteed | 10% Increases Every 5 Years

  • Absolute NNN Leased Ground Lease | Zero Landlord Responsibilities

  • Prime Retail Corridor | High-Traffic Chicago MSA Location

  • Attractive Market Demographics | Dense & Established Trade Area

  • Established Auto Service Brand | Driven Brands (NASDAQ: DRVN)

Listing Contacts

CL
CA 02042182
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
ZW
CA - 021119181
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Daniel Elliot
License
IL License No. 471022489
Brokerage
SRS Real Estate Partners-Midwest, LLC
Title
Broker of Record
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