1156 E Ogden Ave 4,025 SF Retail Building Naperville, IL 60563 $1,793,103 ($445.49/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Located along Ogden Avenue (Route 34), a major retail corridor with 30,000+ VPD.
- Immediately south of I-88 – the gateway to Naperville
- Strong demographics and dense residential nearby
- Directly across from Chick-fil-A and surrounded by national retailers including Costco, Starbucks, and CVS.
- Minutes from downtown Naperville
EXECUTIVE SUMMARY
Colliers Net Lease Investment Group is pleased to present the opportunity to acquire a 100% fee simple interest in a newly remodeled Meineke in Naperville, Illinois – a premier Chicago MSA suburb. This single-tenant, recession resistant asset is backed by a strong operating history and a growing franchisee. Meineke is a nationally recognized brand in the automotive maintenance space and part of the Driven Brands portfolio (NASDAQ: DRVN), which includes Maaco, Take 5 Oil Change, and others.
This 4,025-square-foot property is located along Ogden Avenue (Route 34), one of Naperville’s primary commercial corridors just South of I88 which is the gateway to Illinois’s 2nd largest city outside of Chicago. The site benefits from 30,000+ vehicles per day and is directly across from a newly built Chick-fil-A and a Costco. The Costco sees more than 1.2 million people annually. Further still, there are over 75,000 people within 3 miles of the store.
The single-tenant building is leased for a 15 year term and is offered at $1,793,103 corresponding to a 7.25% cap rate.
This 4,025-square-foot property is located along Ogden Avenue (Route 34), one of Naperville’s primary commercial corridors just South of I88 which is the gateway to Illinois’s 2nd largest city outside of Chicago. The site benefits from 30,000+ vehicles per day and is directly across from a newly built Chick-fil-A and a Costco. The Costco sees more than 1.2 million people annually. Further still, there are over 75,000 people within 3 miles of the store.
The single-tenant building is leased for a 15 year term and is offered at $1,793,103 corresponding to a 7.25% cap rate.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,025 SF
Building Class
C
Year Built
1982
Price
$1,793,103
Price Per SF
$445.49
Cap Rate
7.25%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.45 AC
Zoning
C - commercial zoning districts
Frontage
80’ on E Ogden Ave
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-08-105-022 | Improvements Assessment | $81,360 |
| Land Assessment | $176,680 | Total Assessment | $258,040 |
