Log In/Sign Up
Your email has been sent.
Valvoline 24361 W Eames St 1,067 SF Retail Building Channahon, IL 60410 $1,647,300 ($1,543.86/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 19 Years Remaining | Franchisee Guaranteed | Established Brand
- High-Visibility Location Near I-55 (60K+ VPD) | Industrial Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Chicago MSA
EXECUTIVE SUMMARY
SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute, franchisee guaranteed, Valvoline investment property located in Channahon, Illinois (Chicago MSA). The tenant, A.D. Kenwood Company, has 19 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases during the first five years of the term, followed by 10% rental increases every 5 years throughout the remainder of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The tenant, A.D. Kenwood Company, is a top-performing Valvoline Instant Oil Change franchisee with exclusive development rights across the south Chicago suburbs and northwest Indiana, operating seven locations with additional sites in the pipeline. Additionally, qualifying oil change equipment and site improvements are eligible for 100% bonus depreciation, allowing investors to accelerate deductions and maximize tax benefits.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,067 SF
Building Class
C
Year Built
2006
Price
$1,647,300
Price Per SF
$1,543.86
Cap Rate
6%
NOI
$98,838
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.28 AC
Zoning
C-2 - General Commercial
Parking
11 Spaces (10.31 Spaces per 1,000 SF Leased)
Frontage
190’ on Eames
AMENITIES
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 04-10-09-206-002 | Improvements Assessment | $74,427 |
| Land Assessment | $30,415 | Total Assessment | $104,842 |
PROPERTY TAXES
Parcel Number
04-10-09-206-002
Land Assessment
$30,415
Improvements Assessment
$74,427
Total Assessment
$104,842
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Valvoline | 24361 W Eames St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.