445 S Mclean Blvd
Elgin, IL 60123
Jiffy Lube - Elgin · Retail Property For Sale

Investors are offered the opportunity to acquire a single tenant absolute triple-net leased Jiffy Lube property located in Elgin, IL (Chicago MSA). The operator, Team Car Care, is the largest Jiffy Lube franchise in the chain, operating in more than 550 locations across 26 states. Jiffy Lube has successfully operated at this location for 22 years, providing an investor with stability. The lease features regularly scheduled rental increases every five years. The property is positioned directly off the Route 20 interchange (46,000 vehicles per day) with strong visibility and frontage along McLean Blvd (26,500 vehicles per day), in a high-traffic corridor surrounded by Elgin’s industrial base and major employers. Nearby demand drivers include Elgin Community College (10,461 students), Elgin Mall’s national retail tenants, Saint Joseph Hospital, and Larkin High School, all within close proximity. The site is supported by a dense and affluent trade area with over 89,000 employees within three miles, 170,000 residents within five miles, and average household incomes exceeding $122,000.