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Auto Service - Gas-Conv

BP Gas Station, C-Store and Car Wash

680 N Independence Blvd, Romeoville, IL 60446

Listing Price: $3,000,000

Cap Rate
7.00%
Tenant Name
B2MP Inc.
Years Remaining On Lease
4.7
Gross SF
4,000
Guarantor
Personal Guarantee
Rentable SF
4,000
Price/Gross SF
$750.00
Lease Type
Single Net
Rent Per Square Feet
$60.86

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 680 North Independence Boulevard (the Property), a 4,000-square-foot BP gas station in which the tenant, B2MP Inc., has recently exercised its first renewal option on the original five-year modified net lease. The lease features annual increases throughout the firm term and the two, five-year renewal options remaining. The 1.36-acre lot consists of a BP fuel station and c-store, and it also includes a drive-through car wash located on the south end of the Property. The current owner has invested over $400,000 in recent capital expenditures, including new gas pumps, car wash equipment, signage, and more. The Property is strategically located on the hard signalized intersection of Normantown Road and North Independence Boulevard with visibility to over 39,500 vehicles per day. Surrounding retail tenants include Dunkin’ Donuts, Jiffy Lube, Sonic, Speedway, McDonald’s, Subway, T-Mobile, BMO Harris Bank, Shell, Chase Bank, Goodyear and numerous others.

Investment Highlights

  • Chicago MSA Location — Approximately 30 Mile Drive to Downtown Chicago
  • Five Years Remaining on Recently Extended Lease Term — Two Renewal Options Remaining
  • Annual Increases Throughout Firm Term and Renewal Options to Offset Inflation
  • Modified Net Lease — Minimal Landlord Responsibilities
  • Maximum Visibility on North Independence Boulevard — Just Under 40,000 Vehicles Per Day
  • 42 Million Square Feet of Industrial Facilities Across Romeoville — Major Demand Driver for Local Market

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

BP Gas Station, C-Store and Car Wash

Listing Price: $3,000,000

Cap Rate
7.00%
Tenant Name
B2MP Inc.
Years Remaining On Lease
4.7
Gross SF
4,000
Guarantor
Personal Guarantee
Rentable SF
4,000
Price/Gross SF
$750.00
Lease Type
Single Net
Rent Per Square Feet
$60.86

Investment Highlights

  • Chicago MSA Location — Approximately 30 Mile Drive to Downtown Chicago
  • Five Years Remaining on Recently Extended Lease Term — Two Renewal Options Remaining
  • Annual Increases Throughout Firm Term and Renewal Options to Offset Inflation
  • Modified Net Lease — Minimal Landlord Responsibilities
  • Maximum Visibility on North Independence Boulevard — Just Under 40,000 Vehicles Per Day
  • 42 Million Square Feet of Industrial Facilities Across Romeoville — Major Demand Driver for Local Market

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 680 North Independence Boulevard (the Property), a 4,000-square-foot BP gas station in which the tenant, B2MP Inc., has recently exercised its first renewal option on the original five-year modified net lease. The lease features annual increases throughout the firm term and the two, five-year renewal options remaining. The 1.36-acre lot consists of a BP fuel station and c-store, and it also includes a drive-through car wash located on the south end of the Property. The current owner has invested over $400,000 in recent capital expenditures, including new gas pumps, car wash equipment, signage, and more. The Property is strategically located on the hard signalized intersection of Normantown Road and North Independence Boulevard with visibility to over 39,500 vehicles per day. Surrounding retail tenants include Dunkin’ Donuts, Jiffy Lube, Sonic, Speedway, McDonald’s, Subway, T-Mobile, BMO Harris Bank, Shell, Chase Bank, Goodyear and numerous others.

Exclusively Listed By

Financing By

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