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34520438
34520437

910 Piemonte Drive, East Dundee, IL 60118 For Sale

SG
AZ SA704287000
Matthews
AD
CA 02087057, AZ SA705467000
Matthews
Listed by Matthews
$2,846,000
0 days on market
Updated 0 days ago

Crash Champions | Rare Abs NNN Lease | Chicago MSA

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 16,330
Net Rentable (SqFt) 16,330
Cap Rate 6.15%
NOI $175,028
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/31/2038
Remaining Term 11.5
Rent Bumps Yes
Lease Options Three, 5 Year Options
Price per SqFt $174
Year Built 1995
Year Renovated 1998, 2021
Acreage 1.330
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/28/2008
Ground Lease No
Sale Condition 1031 exchange

Absolute NNN Crash Champions | 11.5 Years Remaining | Chicago MSA

Investment highlights

• Long-Term Corporate Lease – Leased to Crash Champions, one of the nation’s largest and fastest-growing collision repair operators, with approximately 11.5 years of lease term remaining.

• Rare Absolute NNN Lease Structure – Tenant is responsible for all operating expenses, including roof, structure, HVAC, parking lot/CAM, real estate taxes, and insurance, providing a truly passive investment.

• Established Occupancy Since 2008 – Crash Champions (formerly operating under predecessor ownership) has successfully occupied this location since 2008, demonstrating a long-standing commitment to the site and local market.

• Proven Long-Term Commitment – Tenant showed its confidence in the location by executing a 15-year lease extension, reinforcing the property’s strategic importance within its operating footprint.

• Attractive Below-Market Rent – Current rent of approximately $10.72/SF is well below replacement cost economics for comparable industrial/flex assets, supporting long-term occupancy and future rental upside.

• Annual Rent Growth – Lease features 2.0% annual rent increases, providing consistent NOI growth throughout the primary lease term.

• Favorable Renewal Structure – Three, additional 5-year renewal options, with the first option period resetting to Fair Market Value, subject to a minimum 2% increase and maximum 7% increase, creating meaningful upside while protecting ownership.

• Institutional Credit Tenant – Crash Champions operates one of the largest collision repair platforms in the United States, with a significant national footprint backed by experienced institutional ownership.

• Well-Located Collision Facility – ±16,330 SF collision repair facility situated on approximately 1.33 acres, designed specifically for high-volume automotive repair operations.

• Recent Capital Improvements – Tenant has invested significant capital into the property, including the installation of a new roof and new HVAC systems within the past five years, reducing near-term capital expenditure risk.

Listing Contacts

SG
AZ SA704287000
Matthews
AD
CA 02087057, AZ SA705467000
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,028.00
$14,585.67/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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Additional Information

Name
Matthew M. Fitzgerald
License
471021676, 478027547 (IL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
600 W Fulton, Ste 100 Chicago, IL 60661
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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