Auto Service - Gas-Conv
Grease Monkey
821 N Green Bay Rd, Waukegan, IL 60085
Listing Price: $1,066,000
Cap Rate
7.50%
Tenant Name
Grease Monkey
Years Remaining On Lease
10.6
Gross SF
1,782
Guarantor
Corporate Guarantee
Rentable SF
1,782
Price/Gross SF
$598.20
Lease Type
Double Net
Rent Per Square Feet
$44.87
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Grease Monkey in Waukegan, IL.
Grease Monkey
Investment Highlights
- 10+ years remaining on an original 15-year corporately guaranteed double-net lease
- Grease Monkey International operates 300+ locations across the US, part of FullSpeed Automotive's 700+ location network. Property ranks in top 80% of all locations nationally.
- Strategic position along Green Bay Road (41,250 VPD) near Grand Avenue (31,000 VPD) with excellent visibility.
- Robust population of 249,236 residents within a 5-mile radius with $68,199 average household incomes.
- Positioned within 2.1M+ SF retail corridor with 95% occupancy. Adjacent Grandview Court shopping center see 64% customer crossover. Area features national retailers including Walmart Supercenter, Jewell-Osco, & Walgreens.
- Located in Chicago MSA ($618B GDP) near major employers Abbott Laboratories (15,000 employees), Baxter Healthcare (5,400 employees). Naval Station Great Lakes nearby employs 25,000+ military/civilian personnel.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,066,000
Cap Rate
7.50%
Tenant Name
Grease Monkey
Years Remaining On Lease
10.6
Gross SF
1,782
Guarantor
Corporate Guarantee
Rentable SF
1,782
Price/Gross SF
$598.20
Lease Type
Double Net
Rent Per Square Feet
$44.87
Investment Highlights
- 10+ years remaining on an original 15-year corporately guaranteed double-net lease
- Grease Monkey International operates 300+ locations across the US, part of FullSpeed Automotive's 700+ location network. Property ranks in top 80% of all locations nationally.
- Strategic position along Green Bay Road (41,250 VPD) near Grand Avenue (31,000 VPD) with excellent visibility.
- Robust population of 249,236 residents within a 5-mile radius with $68,199 average household incomes.
- Positioned within 2.1M+ SF retail corridor with 95% occupancy. Adjacent Grandview Court shopping center see 64% customer crossover. Area features national retailers including Walmart Supercenter, Jewell-Osco, & Walgreens.
- Located in Chicago MSA ($618B GDP) near major employers Abbott Laboratories (15,000 employees), Baxter Healthcare (5,400 employees). Naval Station Great Lakes nearby employs 25,000+ military/civilian personnel.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Grease Monkey in Waukegan, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
