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Brand New 15-Yr NNN Gerber Collision - Cicero 5840 W Ogden Ave 18,620 SF Industrial Building Cicero, IL 60804 $3,579,300 ($192.23/SF) 5.80% Cap Rate
Investment Highlights
- BRAND NEW 15 YEAR NNN CORPORATE LEASE: The newly executed 15-year NNN lease minimizes ownership costs, making this property ideal for passive income
- ESSENTIAL INDUSTRY: Gerber’s nationwide footprint and insurance relationships support tenancy stability and long-term demand
- MARKET STRENGTH: The suburban Chicago market remains robust with diverse economic drivers, significant population density, and strong HH incomes
- STRONG CORPORATE TENANT: Gerber Collision(The Boyd Group) is one of the largest collision repair networks in the U.S., with over 1,140 locations
- STRATEGICALLY LOCATED MAJOR COMMERCIAL CORRIDOR: Ogden Ave is a key transportation artery with strong visibility across Southwestern Chicago
- OPPORTUNITY ZONE: Provides investors with potential tax advantages, including deferral and possible reduction of future capital gains
Executive Summary
This property features a brand new 15-year NNN corporate lease with Gerber Collision and Glass, part of The Boyd Group Inc., one of the largest collision repair networks in the United States with over 1,140 locations. The lease provides low-maintenance, long-term passive income. Located on Ogden Avenue, a major commercial corridor in Southwestern Chicago, the site offers strong visibility, easy access, and proximity to residential neighborhoods and regional thoroughfares. The suburban Chicago market is strong, with diverse economic drivers, high population density, and solid household incomes, supporting steady demand for automotive collision repair services and making this a reliable long-term investment.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Property Facts
Amenities
- Signage
Utilities
- Water - City
- Sewer - City
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gerber Collision & Glass
- Services
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99,999 SF
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gerber Collision & Glass | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $25,506 | |
| Land Assessment | $222,672 | Total Assessment | $248,178 |
Property Taxes
Parcel Numbers
Land Assessment
$222,672
Improvements Assessment
$25,506
Total Assessment
$248,178
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Brand New 15-Yr NNN Gerber Collision - Cicero | 5840 W Ogden Ave
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