Log In/Sign Up
631 E Lincoln Hwy
New Lenox, IL 60451
Retail Property For Sale
Investment Highlights
- Just under ten (10) years remain on lease
- Located on busy automotive and fast food corridor seeing 18,000+ vehicles per day (VPD)
- Major Rent Increase in less than five years
- NN+ lease with minimal Landlord responsibilities
- Strong Corporate Guaranty
- Major National Tenants Located Nearby
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,546 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.68 AC
Parking
28 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
119’ on East Lincolnway Highway
About 631 E LINCOLN HWY , NEW LENOX, IL 60451
Pep Boys is on an original 15-year NN+ lease that commenced September of 2014. Pep Boys has just under ten (10) years remaining on the base term of their lease. Rental rate shall increase by 10% every five years during the base term. The next scheduled 10% rent increase will commence in just under five (5) years. There are four 5-year options, each with 10% rent increases. Landlord has limited responsibilities, extending only to the repair and replacement of roof, walls, and foundation, as well as repaving of the parking lot. Tenant shall pay annually as Additional Rent the sum of $2,000 for Common Area Maintenance Expenses (see Lease Abstract – “CAM” for details).
Property Taxes
| Parcel Number | 15-08-15-403-026 | Improvements Assessment | $325,584 |
| Land Assessment | $148,512 | Total Assessment | $474,096 |
Property Taxes
Parcel Number
15-08-15-403-026
Land Assessment
$148,512
Improvements Assessment
$325,584
Total Assessment
$474,096
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
