Auto Service - Gas-Conv
Jiffy Lube | Absolute NNN Lease
445 S McLean Blvd, Elgin, IL 60123
Listing Price: $1,232,000
Investment Overview
Investors are offered the opportunity to acquire a single tenant absolute triple-net leased Jiffy Lube property located in Elgin, IL (Chicago MSA). The operator, Team Car Care, is the largest Jiffy Lube franchise in the chain, operating in more than 550 locations across 26 states. Jiffy Lube has successfully operated at this location for 22 years, providing an investor with stability. The lease features regularly scheduled rental increases every five years. The property is positioned directly off the Route 20 interchange (46,000 vehicles per day) with strong visibility and frontage along McLean Blvd (26,500 vehicles per day), in a high-traffic corridor surrounded by Elgin’s industrial base and major employers. Nearby demand drivers include Elgin Community College (10,461 students), Elgin Mall’s national retail tenants, Saint Joseph Hospital, and Larkin High School, all within close proximity. The site is supported by a dense and affluent trade area with over 89,000 employees within three miles, 170,000 residents within five miles, and average household incomes exceeding $122,000.
Jiffy Lube | Absolute NNN Lease
Investment Highlights
- Absolute Triple-Net Leased Jiffy Lube | Large Franchise Operator
- Backed by Team Car Care, the Largest Jiffy Lube Operator in the U.S. (550 Locations Nationwide)
- Tenant Has Been in Place Since 2004, Providing Long-Term Stability
- Directly Off Route 20's On/Off Ramp with 46,000 Vehicles per Day (VPD) | Prominent Frontage Along Mclean Boulevard with 26,500 VPD
- Adjacent to Major Employment and Education Hubs
- 89,174 People Work Within Three Miles with 170,280 People Living Within Five Miles
Listing Price: $1,232,000
Investment Highlights
- Absolute Triple-Net Leased Jiffy Lube | Large Franchise Operator
- Backed by Team Car Care, the Largest Jiffy Lube Operator in the U.S. (550 Locations Nationwide)
- Tenant Has Been in Place Since 2004, Providing Long-Term Stability
- Directly Off Route 20's On/Off Ramp with 46,000 Vehicles per Day (VPD) | Prominent Frontage Along Mclean Boulevard with 26,500 VPD
- Adjacent to Major Employment and Education Hubs
- 89,174 People Work Within Three Miles with 170,280 People Living Within Five Miles
Investment Overview
Investors are offered the opportunity to acquire a single tenant absolute triple-net leased Jiffy Lube property located in Elgin, IL (Chicago MSA). The operator, Team Car Care, is the largest Jiffy Lube franchise in the chain, operating in more than 550 locations across 26 states. Jiffy Lube has successfully operated at this location for 22 years, providing an investor with stability. The lease features regularly scheduled rental increases every five years. The property is positioned directly off the Route 20 interchange (46,000 vehicles per day) with strong visibility and frontage along McLean Blvd (26,500 vehicles per day), in a high-traffic corridor surrounded by Elgin’s industrial base and major employers. Nearby demand drivers include Elgin Community College (10,461 students), Elgin Mall’s national retail tenants, Saint Joseph Hospital, and Larkin High School, all within close proximity. The site is supported by a dense and affluent trade area with over 89,000 employees within three miles, 170,000 residents within five miles, and average household incomes exceeding $122,000.
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