236 N Route 83
Elmhurst, IL 60126
Just Tires | Elmhurst, IL · Retail Property For Sale

This Just Tires location is a relocation of a highly successful, but undersized, facility that operated for over 20 years, which demonstrates the proven success in the trade area. The site construction was completed in 2016 and rent commenced in January 2017. There are twelve (12.5) years remaining on the lease term, plus four (4), five (5) year options. The lease is corporately guaranteed by The Goodyear Tire & Rubber Company (S&P: BB/Stable), one of the world’s leading tire companies with over 1,200 locations in 22 countries. The lease provides for 10% rental increases every five (5) years. The lease structure is double net (NN), with minimal landlord responsibilities. Just Tires has strong frontage on IL-83 The subject property is well positioned just south of North Avenue, a major east-west artery within the Chicago Suburbs. Traffic counts at the fully signalized intersection of The subject property is surrounded by many national retailers, which helps drives traffic to the store. Nearby stores include Target, Starbucks, Dunkin’ Donuts, Kohl’s, Whole Foods, Party City and Jimmy Johns, among others. Just Tires is located in Elmhurst, an affluent west suburb of Chicago, Illinois. The property is located just 17 miles (25 minutes) from Chicago. Chicago boasts the third largest economy in the nation and welcomes in nearly 40 million international and domestic visitors annually.