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Auto Parts

NAPA Auto Parts

8623 Ogden Ave, Lyons, IL 60534

Listing Price: $551,250

Cap Rate
8.00%
Tenant Name
NAPA Auto Parts
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Double Net
Rent Per Square Feet
$7.35

Investment Overview

Marcus & Millichap is pleased to offer for sale a 6,000-square-foot single-tenant auto parts
store (the Property) in Lyons, IL, in which NAPA Auto Parts (Genuine Parts Company) has
nearly four years remaining. This corporately operated location has been a NAPA store since
2018, and GPC has two 5-year renewal options remaining. The lease features a 5 percent rent
increase in each renewal option to offset inflation.

The 0.30-acre Property sits along 25,700+ AADT Ogden Avenue (U.S. Route 34 — Walter
Payton Memorial Highway) at the corner of Ogden and Rose Avenue, less than two blocks
from the signalized intersection with 38,400+ AADT First Avenue (State Route 171). The area
surrounding this bustling retail corridor boasts a population of 404,913 with an average
household income of $108,607 within a five-mile radius.

Just 12.2 miles from Downtown Chicago and 6.5 miles from Midway International Airport, the
Property is located 1.5 miles south of the 235-acre Brookfield Zoo and about three miles south
of the 483-bed Edward Hines Jr. VA Hospital and 547-bed Loyola University Medical Center.

This is a low-price-point opportunity to own a net-lease property within the 9-million-person
Chicago metropolitan statistical area, the third-largest metro in the country by population
and economy and top metro area for food and beverage manufacturing.

Investment Highlights

  • Nearly Four Years Remaining in Current Term With Two 5-Year Renewal Options, Each With a 5 Percent Rent Increase
  • On 25,700+ AADT Ogden Avenue (U.S. Route 34 — Walter Payton Memorial Highway) a Quarter-Mile From 38,400+ AADT First Avenue (State Route 171)
  • Located in the 9-Million-Person Chicago Metropolitan Statistical Area, Home to 31 Fortune 500 Companies
  • Tenant Genuine Parts Company Recently Acquired Rockford, IL, Based Motor Parts & Equipment Corporation and Australian Auto Parts Group, Expanding Its Distribution Network
  • Major Employers Nearby Include 5,000+ Employee Flying Food Group, an Airline Catering Service, and 4,200-Employee RB Global, the World's Largest Auctioneer of Vehicles
  • National-Brand Neighbors Include Starbucks, Walgreens, Jimmy John's, Wendy's, Burger King, 7-Eleven, Domino's, AutoZone, Family Dollar, Rodeway Inn, Mobil and Rebel

Exclusively Listed By

Auto Parts

NAPA Auto Parts

Listing Price: $551,250

Cap Rate
8.00%
Tenant Name
NAPA Auto Parts
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Double Net
Rent Per Square Feet
$7.35

Investment Highlights

  • Nearly Four Years Remaining in Current Term With Two 5-Year Renewal Options, Each With a 5 Percent Rent Increase
  • On 25,700+ AADT Ogden Avenue (U.S. Route 34 — Walter Payton Memorial Highway) a Quarter-Mile From 38,400+ AADT First Avenue (State Route 171)
  • Located in the 9-Million-Person Chicago Metropolitan Statistical Area, Home to 31 Fortune 500 Companies
  • Tenant Genuine Parts Company Recently Acquired Rockford, IL, Based Motor Parts & Equipment Corporation and Australian Auto Parts Group, Expanding Its Distribution Network
  • Major Employers Nearby Include 5,000+ Employee Flying Food Group, an Airline Catering Service, and 4,200-Employee RB Global, the World's Largest Auctioneer of Vehicles
  • National-Brand Neighbors Include Starbucks, Walgreens, Jimmy John's, Wendy's, Burger King, 7-Eleven, Domino's, AutoZone, Family Dollar, Rodeway Inn, Mobil and Rebel

Investment Overview

Marcus & Millichap is pleased to offer for sale a 6,000-square-foot single-tenant auto parts store (the Property) in Lyons, IL, in which NAPA Auto Parts (Genuine Parts Company) has nearly four years remaining. This corporately operated location has been a NAPA store since 2018, and GPC has two 5-year renewal options remaining. The lease features a 5 percent rent increase in each renewal option to offset inflation. The 0.30-acre Property sits along 25,700+ AADT Ogden Avenue (U.S. Route 34 — Walter Payton Memorial Highway) at the corner of Ogden and Rose Avenue, less than two blocks from the signalized intersection with 38,400+ AADT First Avenue (State Route 171). The area surrounding this bustling retail corridor boasts a population of 404,913 with an average household income of $108,607 within a five-mile radius. Just 12.2 miles from Downtown Chicago and 6.5 miles from Midway International Airport, the Property is located 1.5 miles south of the 235-acre Brookfield Zoo and about three miles south of the 483-bed Edward Hines Jr. VA Hospital and 547-bed Loyola University Medical Center. This is a low-price-point opportunity to own a net-lease property within the 9-million-person Chicago metropolitan statistical area, the third-largest metro in the country by population and economy and top metro area for food and beverage manufacturing.

Exclusively Listed By

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