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Auto Mode USA (MDW Airport)

5860 W 87th St, Burbank, IL 60459

Listing Price: $820,000

Cap Rate
7.50%
Tenant Name
Auto Mode USA, LLC
Years Remaining On Lease
4.4
Gross SF
1,674
Guarantor
Corporate Guarantee
Rentable SF
1,674
Price/Gross SF
$489.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.74

Investment Overview

Freestanding Automotive Dealership Located within 5 Miles of Chicago Midway International Airport | Hard Corner Location on 0.43 Acres in Dense Metro 4.5 Years Remaining on Very Landlord Friendly NNN Lease with 2.5% Annual Rent Increases with Auto Mode USA, LLC In 2017, the Property was Completely Remodeled – New Parking Lot Installed, Dry Wall, Electrical and Floor, High-End Garage Door, Drop Ceiling Glass Doors and Windows and a New HVAC Installed in 2019 Auto Mode USA is a 2-Unit Operator | Second Location in Monee, IL | Tenant Responsible for Roof and Structure, Insurance, Maintains CAM Directly, and Pays Monthly Installments of Taxes Strategically Located in a High Traffic Corridor on 87th Street with 25,800 Cars per Day | With Access to Ridgeland Ave.? and Central Ave.? With a Combined 38,300 Cars per Day Near Major Retailers Family Dollar, Dollar Tree, Jewel Osco, and Pet Supplies Plus| Within 4 Miles of Costco and Walmart Supercenter Located in Rapidly Growing, Affluent Submarket of Chicago | Chicago MSA 9,458,539 Population Increasing Population Exceeding 455,000 within 5 Miles | $86,615 Average Income in 1 Mile Within 1 Mile of Edward J Tobin School and the Burbank Park District Fusion Recplex and Water Park

Investment Highlights

  • Freestanding Automotive Dealership Located within 5 Miles of Chicago Midway International Airport | Hard Corner Location on 0.43 Acres in Dense Metro
  • 4.5 Years Remaining on Very Landlord Friendly NNN Lease with 2.5% Annual Rent Increases with Auto Mode USA, LLC
  • In 2017, the Property was Completely Remodeled – New Parking Lot Installed, Dry Wall, Electrical and Floor, High-End Garage Door, Drop Ceiling Glass Doors and Windows and a New HVAC Installed in 2019
  • Auto Mode USA is a 2-Unit Operator | Second Location in Monee, IL | Tenant Responsible for Roof and Structure, Insurance, Maintains CAM Directly, and Pays Monthly Installments of Taxes
  • Strategically Located in a High Traffic Corridor on 87th Street with 25,800 Cars per Day | With Access to Ridgeland Ave.? and Central Ave.? With a Combined 38,300 Cars per Day

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

No Tenant Specified

Auto Mode USA (MDW Airport)

Listing Price: $820,000

Cap Rate
7.50%
Tenant Name
Auto Mode USA, LLC
Years Remaining On Lease
4.4
Gross SF
1,674
Guarantor
Corporate Guarantee
Rentable SF
1,674
Price/Gross SF
$489.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.74

Investment Highlights

  • Freestanding Automotive Dealership Located within 5 Miles of Chicago Midway International Airport | Hard Corner Location on 0.43 Acres in Dense Metro
  • 4.5 Years Remaining on Very Landlord Friendly NNN Lease with 2.5% Annual Rent Increases with Auto Mode USA, LLC
  • In 2017, the Property was Completely Remodeled – New Parking Lot Installed, Dry Wall, Electrical and Floor, High-End Garage Door, Drop Ceiling Glass Doors and Windows and a New HVAC Installed in 2019
  • Auto Mode USA is a 2-Unit Operator | Second Location in Monee, IL | Tenant Responsible for Roof and Structure, Insurance, Maintains CAM Directly, and Pays Monthly Installments of Taxes
  • Strategically Located in a High Traffic Corridor on 87th Street with 25,800 Cars per Day | With Access to Ridgeland Ave.? and Central Ave.? With a Combined 38,300 Cars per Day

Investment Overview

Freestanding Automotive Dealership Located within 5 Miles of Chicago Midway International Airport | Hard Corner Location on 0.43 Acres in Dense Metro 4.5 Years Remaining on Very Landlord Friendly NNN Lease with 2.5% Annual Rent Increases with Auto Mode USA, LLC In 2017, the Property was Completely Remodeled – New Parking Lot Installed, Dry Wall, Electrical and Floor, High-End Garage Door, Drop Ceiling Glass Doors and Windows and a New HVAC Installed in 2019 Auto Mode USA is a 2-Unit Operator | Second Location in Monee, IL | Tenant Responsible for Roof and Structure, Insurance, Maintains CAM Directly, and Pays Monthly Installments of Taxes Strategically Located in a High Traffic Corridor on 87th Street with 25,800 Cars per Day | With Access to Ridgeland Ave.? and Central Ave.? With a Combined 38,300 Cars per Day Near Major Retailers Family Dollar, Dollar Tree, Jewel Osco, and Pet Supplies Plus| Within 4 Miles of Costco and Walmart Supercenter Located in Rapidly Growing, Affluent Submarket of Chicago | Chicago MSA 9,458,539 Population Increasing Population Exceeding 455,000 within 5 Miles | $86,615 Average Income in 1 Mile Within 1 Mile of Edward J Tobin School and the Burbank Park District Fusion Recplex and Water Park

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

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