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29683951
29683952

10901 S Cicero Ave, Oak Lawn, IL 60453

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
SRS Real Estate Partners Newport Beach
ZW
CA - 021119181
Listed by SRS Real Estate Partners Newport Beach
$2,500,000
123 days on market
Updated 33 days ago

Take 5 Oil Change | New 15 Year NNN (GL) | Strong Guarantee

Details
APN 24-15-312-038
Property Type Retail
Sub Type Auto Shop
Square Footage 1,800
Cap Rate 6%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 (5-Year)
Price per SqFt $1,389
Year Built 1968
Year Renovated 2020
Acreage 0.400
Zoning C-2 General Service Business
Parking Spaces 7 spaces
Parking Per SqFt 3.89
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease Yes
Ownership Leased Fee (Land Ownership)

6.00% CAP | Hard Corner | High Density Retail Corridor

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 Oak Lawn, 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 / State Highway 50, a major north–south retail and commuter corridor serving the southwest Chicago suburbs, with exposure to approximately 42,100 vehicles per day. The property also benefits from close proximity to W. 95th Street / U.S. Highways 12 & 20 (37,500 VPD), providing strong regional connectivity and convenient access throughout the Chicago metropolitan area. The subject property is positioned within a dense and highly established retail corridor surrounded by a strong mix of national and credit tenants including Target, Home Depot, Walmart Supercenter, Sam’s Club, Menards, Kohl’s, Burlington, Marshalls, TJ Maxx, Aldi, Mariano’s, Whole Foods, Walgreens, CVS, Dunkin’, Panera Bread, and numerous other retailers, restaurants, and service providers. The area serves as a dominant commercial hub for Oak Lawn and the surrounding South Cook County 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 372,000 residents, with average household incomes exceeding $106,000, providing a strong demographic foundation 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 Suburban 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
SRS Real Estate Partners Newport Beach
ZW
CA - 021119181
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
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$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
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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