6154 W 111th St, Chicago Ridge, IL 60415

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Chicago Ridge, Illinois. The tenant, Meineke Car Care Center (Marcor LLC) signed a 15 year lease with 13 Years remaining and 3 (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 subject property is located in the dense infill Chicago Ridge retail corridor near the signalized intersection of W. 111th Street and Ridgeland Avenue, with combined traffic counts of approximately 51,200 VPD, and also benefits from immediate access to Interstate 294 / Tri-State Tollway (154,400 VPD). W. 111th Street serves as a major east-west retail corridor for the area, and the property is positioned just south of Chicago Ridge Mall, a dominant regional shopping destination featuring tenants such as Kohl’s, Burlington, Michael’s, Dick’s Sporting Goods, Aldi, and Old Navy. The asset is also surrounded by a dense concentration of national and regional retailers including Target, Home Depot, Walmart Supercenter, Sam’s Club, Marshalls, PetSmart, Panera Bread, Starbucks, Walgreens, CVS, Jewel-Osco, and more, further driving daily consumer traffic to the site. In addition, the property is in close proximity to major area demand drivers including Advocate Christ Medical Center (802 beds) and OSF Little Company of Mary Medical Center (298 beds), two of the area’s largest healthcare facilities. The 5-mile trade area is supported by a population of more than 307,000 residents, average household incomes exceeding $110,000, and approximately 125,000 employees, providing a strong foundation for long-term tenant performance.