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31090541
31640278

5840 Ogden Ave, Cicero, IL 60804

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Encino
$3,460,000
84 days on market
Updated 6 days ago
Opportunity zone

Brand New 15-Yr NNN Gerber Collision | Cicero IL

Details
Property Type Industrial, Retail
Sub Type Auto Shop, Storefront (+1)
Square Footage 18,620
Cap Rate 6%
NOI $207,600
Occupancy 100%
Tenancy Single
Brand/Tenant Caliber Collision, Gerber Collision & Glass
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 03/30/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options 3x5
Price per SqFt $186
Broker Co-Op Yes
Year Built 1967
Year Renovated 2026
Acreage 1.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/05/2026
Ownership Fee Simple

Newly Renovated! Strong Corporate Guarantee

Marketing description

This property features a brand new 15-year NNN corporate lease with Gerber Collision and Glass, part of The Boyd Group Inc., one of the largest collision repair networks in the United States with over 1,140 locations. The lease provides low-maintenance, long-term passive income. Located on Ogden Avenue, a major commercial corridor in Southwestern Chicago, the site offers strong visibility, easy access, and proximity to residential neighborhoods and regional thoroughfares. The suburban Chicago market is strong, with diverse economic drivers, high population density, and solid household incomes, supporting steady demand for automotive collision repair services and making this a reliable long-term investment.

Illinois Broker of Record: Steven Weinstock

One Mid America Plaza, Ste. 200

Oakbrook Terrace, IL 60181

P: (630) 570-2200

Steven.Weinstock@MarcusMillichap.com

Lic #: 471.011175

Investment highlights

BRAND NEW 15 YEAR NNN CORPORATE LEASE: The newly executed 15-year NNN lease minimizes ownership costs, making this property ideal for long-term, low-maintenance income

STRONG CORPORATE TENANT: Gerber Collision & Glass, part of The Boyd Group Inc., is one of the largest collision repair networks in the U.S., with over 1,140 locations nationwide

ESSENTIAL INDUSTRY: Gerber’s nationwide footprint and insurance relationships support tenancy stability and long-term demand for increased insurance claims and safety requirements

STRATEGICALLY LOCATED MAJOR COMMERCIAL CORRIDOR: Ogden Ave is a key transportation artery with strong visibility across Southwestern Chicago, the subject property benefits from proximity to major residential neighborhoods and regional thoroughfares

MARKET DEMAND & TRADE AREA STRENGTH: The suburban Chicago market remains robust with diverse economic drivers, significant population density, and strong household incomes, supporting continued demand for auto services

OPPORTUNITY ZONE: Provides investors with potential tax advantages, including deferral and possible reduction of future capital gains

Listing Contacts

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$207,600.00
$17,300.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Brokerage Phone
630.570.2250
Title
Broker of Record
Brokerage Address
One Mid-America Plaza, Suite 200, Oakbrook Terrace, IL 60181
Name
Steven Weinstock
License
IL 471011175
Brokerage
Marcus & Millichap
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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