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Auto Parts

Crash Champions | Service King

2738 W Fulton St, Chicago, IL 60612

Listing Price: $7,019,266

Cap Rate
5.25%
Tenant Name
Crash Champions | Service King
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
23,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.02

Investment Overview

This investment opportunity offers a qualified buyer the chance to own a brand new 20 year NNN leased building with a strong national tenant. Zero landlord obligations and 4, 5 year renewal options and built in rent increases makes this a true sleep at night, long term investment. The Service King lease commenced in June of 2022, and will soon be operating under the Crash Champions banner, as part of their recent merger. Strategically positioned just minutes from Downtown Chicago, and only three miles from the University of Illinois Chicago campus, the structure’s recent upgrades include new electrical, new floors, bathrooms, paint, paving, sidewalks, lighting, landscaping, etc. The roof only required minor maintenance.

Investment Highlights

  • Brand new 20 year NNN lease , now open for business
  • Zero landlord obligations with rent increases and lease renewal options built in
  • Strong National Tenancy - Service King, now under the banner of Crash Champions, will operate over 550 locations
  • Clearlake Capital Group, the parent company, has over $72 billion of assets
  • Located in the densely populated metropolis of Chicago, with above average household incomes
  • Retrofitted building with 2022 upgrades, including new electrical, floors, bathrooms, paint, paving, sidewalks, lighting, landscaping, and more
  • Essential retailer, recession resistant business model

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Parts

Crash Champions | Service King

Listing Price: $7,019,266

Cap Rate
5.25%
Tenant Name
Crash Champions | Service King
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
23,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.02

Investment Highlights

  • Brand new 20 year NNN lease , now open for business
  • Zero landlord obligations with rent increases and lease renewal options built in
  • Strong National Tenancy - Service King, now under the banner of Crash Champions, will operate over 550 locations
  • Clearlake Capital Group, the parent company, has over $72 billion of assets
  • Located in the densely populated metropolis of Chicago, with above average household incomes
  • Retrofitted building with 2022 upgrades, including new electrical, floors, bathrooms, paint, paving, sidewalks, lighting, landscaping, and more
  • Essential retailer, recession resistant business model

Investment Overview

This investment opportunity offers a qualified buyer the chance to own a brand new 20 year NNN leased building with a strong national tenant. Zero landlord obligations and 4, 5 year renewal options and built in rent increases makes this a true sleep at night, long term investment. The Service King lease commenced in June of 2022, and will soon be operating under the Crash Champions banner, as part of their recent merger. Strategically positioned just minutes from Downtown Chicago, and only three miles from the University of Illinois Chicago campus, the structure’s recent upgrades include new electrical, new floors, bathrooms, paint, paving, sidewalks, lighting, landscaping, etc. The roof only required minor maintenance.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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