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Auto Service - Gas-Conv

Established Auto Repair Center Adjacent to Midway Airport | Below Market Rent

5805 S Archer Ave, Chicago, IL 60638

Listing Price: $1,302,000

Cap Rate
8.00%
Tenant Name
A-OK Automotive
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
14,624
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.23

Investment Overview

Marcus & Millichap is pleased to bring to market A-OK Automotive, located in Chicago, Illinois.

Investment Highlights

  • 14,624 Square-Foot Auto Repair Center with 3.9 Years Remaining on a Triple-Lease and 3 Percent Annual Rental Increases | $120,000 in Recent Building Improvements
  • Established Business: Tenant has Operated at this Location for Over 30 Years
  • Property Features Seven Bay Doors with Outdoor Storage Lot on Approximately 0.46 Acres
  • Tenant Pays $1,450 per Month Towards Taxes, Insurance, Management, Common Area Maintenance and Reconciles Difference at the End of the Year
  • Strongly Positioned Along Archer Avenue Seeing Over 20,000 Vehicles per Day | 0.3 Miles from Chicago Midway International Airport | One Mile from Interstate 55
  • Near Multiple National Retailers Such as Walgreens, Wendy's, Seven-Eleven, Firestone, KFC, CSL Plasma, Hertz, U-Haul and More
  • Dense Demographics | 691,900+ Residents Within Five Miles | Average Household Incomes in Excess of $88,100 Within One Mile Radius | 11 Miles from Downtown Chicago

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Service - Gas-Conv

Established Auto Repair Center Adjacent to Midway Airport | Below Market Rent

Listing Price: $1,302,000

Cap Rate
8.00%
Tenant Name
A-OK Automotive
Years Remaining On Lease
3.5
Guarantor
Corporate Guarantee
Rentable SF
14,624
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.23

Investment Highlights

  • 14,624 Square-Foot Auto Repair Center with 3.9 Years Remaining on a Triple-Lease and 3 Percent Annual Rental Increases | $120,000 in Recent Building Improvements
  • Established Business: Tenant has Operated at this Location for Over 30 Years
  • Property Features Seven Bay Doors with Outdoor Storage Lot on Approximately 0.46 Acres
  • Tenant Pays $1,450 per Month Towards Taxes, Insurance, Management, Common Area Maintenance and Reconciles Difference at the End of the Year
  • Strongly Positioned Along Archer Avenue Seeing Over 20,000 Vehicles per Day | 0.3 Miles from Chicago Midway International Airport | One Mile from Interstate 55
  • Near Multiple National Retailers Such as Walgreens, Wendy's, Seven-Eleven, Firestone, KFC, CSL Plasma, Hertz, U-Haul and More
  • Dense Demographics | 691,900+ Residents Within Five Miles | Average Household Incomes in Excess of $88,100 Within One Mile Radius | 11 Miles from Downtown Chicago

Investment Overview

Marcus & Millichap is pleased to bring to market A-OK Automotive, located in Chicago, Illinois.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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