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Mavis Tires & Brakes 1002 Brook Forest Ave 8,082 SF Retail Building Shorewood, IL 60404 $4,094,000 ($506.56/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN lease structure – tenant is responsible for all maintenance, repairs, taxes, insurance, & operating expenses, a truly passive investment
- The subject property, formerly a NTB, has operated as a tire store for ~20 years and has an established customer base
- Essential service-oriented tenant in the automotive repair sector, benefiting from recurring consumer demand and limited e-commerce disruption
- CPI-based rental increases every 5 years, capped at 12%, offering built-in inflation protection and income growth potential
- The current lease term runs through May 2031, and the tenant has three, 5-year extension options
Executive Summary
For sale is a freestanding Mavis Tires & Brakes operating under an absolute NNN lease structure, offering investors passive income with built-in inflation
protection through CPI-based rent escalations.
The subject property is located in a growing suburb of Chicago, and is outparcel to the Shorewood Crossing shopping center, which features daily needs retailers
such as a Mariano’s grocery store, Marshalls, Orange Theory fitness, and Taco Bell.
protection through CPI-based rent escalations.
The subject property is located in a growing suburb of Chicago, and is outparcel to the Shorewood Crossing shopping center, which features daily needs retailers
such as a Mariano’s grocery store, Marshalls, Orange Theory fitness, and Taco Bell.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,082 SF
Building Class
B
Year Built
2006
Price
$4,094,000
Price Per SF
$506.56
Cap Rate
7.25%
NOI
$296,836
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.86 AC
Zoning
Commercial
Parking
29 Spaces (3.59 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-06-03-326-293 | Improvements Assessment | $318,198 |
| Land Assessment | $189,944 | Total Assessment | $508,142 |
Property Taxes
Parcel Number
05-06-03-326-293
Land Assessment
$189,944
Improvements Assessment
$318,198
Total Assessment
$508,142
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