Log In/Sign Up
Your email has been sent.
Diehl Auto Repair 660 Ogden Ave 4,341 SF 100% Leased Retail Building Downers Grove, IL 60515 $2,000,000 ($460.72/SF) 7% Cap Rate
Investment Highlights
- 15-Year Absolute NNN Lease: Zero landlord responsibilities from day one.
- Strong Unit Economics: ~3.0x EBITDAR-to-rent coverage.
- Affluent Submarket: $155K avg. HH income, 86K residents within 3 miles.
- 2% Annual Rent Bumps: Built-in growth + inflation hedge.
- High-Traffic Corridor: 30,000 VPD on Ogden Ave. with major national co-tenancy.
Executive Summary
This offering features a 15-year absolute NNN lease commencing at closing, providing zero landlord responsibilities throughout the term. The lease includes structured 2.00% annual rent increases, delivering consistent income growth and a hedge against inflation. The tenant operates a profitable auto repair business with approximately 3.0x EBITDAR-to-rent coverage, offering strong unit-level economics and room for continued growth. Strategically located along Ogden Avenue, the property benefits from exposure to approximately 30,000 vehicles per day and sits within a dominant retail corridor extending from the City of Chicago through the western suburbs, surrounded by national retailers including Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi. The asset is positioned in Downers Grove, an affluent Chicago MSA suburb with a population of 86,000 and an average household income of $155,000 within a three-mile radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,341 SF
Building Class
C
Year Built/Renovated
1958/2026
Price
$2,000,000
Price Per SF
$460.72
Cap Rate
7%
NOI
$140,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Lot Size
0.41 AC
Zoning
N
Parking
28 Spaces (6.45 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-05-212-011 | Improvements Assessment | $124,553 |
| Land Assessment | $126,544 | Total Assessment | $251,097 |
Property Taxes
Parcel Number
09-05-212-011
Land Assessment
$126,544
Improvements Assessment
$124,553
Total Assessment
$251,097
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
