Auto Service - Gas-Conv
Take 5 Oil Change | Brand New Construction | Infill Location
4437 N Harlem Ave, Norridge, IL 60706
Listing Price: $1,462,000
Investment Overview
This brand new construction Take 5 Oil Change is backed by a 15-year ground lease scheduled to commence at the close of escrow. The lease features 1.5% annual rent increases and three, 5-year renewal options, providing stable, long-term cash flow with zero landlord responsibilities. The asset is strategically positioned along N Harlem Avenue (24,800 VPD), just 1.3 miles from I-90 (187,700 VPD) and six miles from O’Hare International Airport, offering exceptional accessibility and visibility. The property is surrounded by top-performing retail destinations including Harlem Irving Plaza, Norridge Commons, and Harwood Commons, collectively drawing millions of annual visitors and featuring national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl’s and Burlington. The densely populated trade area includes over 27,000 residents and 26,000 employees within a one-mile radius, supported by an affluent demographic with average household income exceeding $113,000.
Take 5 Oil Change | Brand New Construction | Infill Location
Investment Highlights
- Take 5 Oil Change with a 15-year ground lease | Brand new construction
- Franchisee guaranty from Welms Group Holdings, LLC, a multi-unit Take 5 franchisee operating 8 locations in Illinois
- Frontage along N Harlem Avenue, which sees 24,800 vehicles per day
- 1.3 miles from on/off ramp of Interstate 90, which sees 187,700 vehicles per day
- Surrounded by top ranked shopping centers, new retail developments, schools, and a country club
- 27,709 residents and 26,407 employees within a mile-radius
- 0.3 miles from Norridge Commons, which ranks in the top 5% of shopping centers nationwide by visits and attracts 4.9 million annual visitors (Placer.ai)
Auto Service - Gas-Conv
Take 5 Oil Change | Brand New Construction | Infill Location
Listing Price: $1,462,000
Investment Highlights
- Take 5 Oil Change with a 15-year ground lease | Brand new construction
- Franchisee guaranty from Welms Group Holdings, LLC, a multi-unit Take 5 franchisee operating 8 locations in Illinois
- Frontage along N Harlem Avenue, which sees 24,800 vehicles per day
- 1.3 miles from on/off ramp of Interstate 90, which sees 187,700 vehicles per day
- Surrounded by top ranked shopping centers, new retail developments, schools, and a country club
- 27,709 residents and 26,407 employees within a mile-radius
- 0.3 miles from Norridge Commons, which ranks in the top 5% of shopping centers nationwide by visits and attracts 4.9 million annual visitors (Placer.ai)
Investment Overview
This brand new construction Take 5 Oil Change is backed by a 15-year ground lease scheduled to commence at the close of escrow. The lease features 1.5% annual rent increases and three, 5-year renewal options, providing stable, long-term cash flow with zero landlord responsibilities. The asset is strategically positioned along N Harlem Avenue (24,800 VPD), just 1.3 miles from I-90 (187,700 VPD) and six miles from O’Hare International Airport, offering exceptional accessibility and visibility. The property is surrounded by top-performing retail destinations including Harlem Irving Plaza, Norridge Commons, and Harwood Commons, collectively drawing millions of annual visitors and featuring national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl’s and Burlington. The densely populated trade area includes over 27,000 residents and 26,000 employees within a one-mile radius, supported by an affluent demographic with average household income exceeding $113,000.
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