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