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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.

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

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Auto Service - Gas-Conv

Grease Monkey

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

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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