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29683797
29683798

2957 Kirk Rd, Aurora, IL 60502

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
$1,539,000
118 days on market
Updated 28 days ago

Take 5 Oil Change | Dense Retail Corridor | Chicago MSA

Details
APN 12-36-353-009
Property Type Retail
Sub Type Auto Shop
Square Footage 2,000
Cap Rate 5.85%
NOI $90,000
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change (+3)
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 (5-Year)
Price per SqFt $770
Year Built 2023
Buildings 1
Stories 1
Acreage 0.810
Zoning Commercial
Parking Spaces 9 spaces
Parking Per SqFt 4.50
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease Yes
Ownership Leased Fee (Land Ownership)

5.85% CAP | New 15 Year NNN (GL) | Across from Walmart Supercenter

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 Aurora, 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 Kirk Road, a primary north–south retail and commuter corridor serving the western Chicago suburbs, with exposure to approximately 33,700 vehicles per day. The property also benefits from close proximity to Butterfield Road / State Highway 56 (22,600 VPD), providing strong east–west connectivity and convenient access throughout the Aurora and Naperville submarkets. The subject property is positioned within a highly active retail corridor surrounded by a strong mix of national and credit tenants including Walmart Supercenter, Popeyes, Panda Express, Chipotle, Panera Bread, Dunkin’, Taco Bell, McDonald’s, Aldi, Walgreens, Anytime Fitness, PetSmart, Target, Michaels, Dollar Tree, and numerous automotive, restaurant, and service-oriented users. This concentration of retail and daily-needs tenants further enhances consumer traffic and visibility at 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 country. The five-mile trade area is supported by approximately 178,000 residents, with average household incomes exceeding $129,000, 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 Western Chicago Suburban Location

  • Attractive Market Demographics | Dense & Affluent 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
$90,000.00
$7,500.00/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
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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