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Grease Monkey Oil Change & Car Wash 5008 Ace Ln Immeuble | 815 m² | Spécialité | À vendre 1 977 525 € | Taux de capitalisation 6 % | Naperville, IL 60564
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Absolute NNN 12 Year Lease with 2% Annual Rent Increases
- Bonus Depreciation Year 1
- Auto Service & Car Wash
- Two 5-Year Renewal Options
- Seasoned & Proven Operator, Demographics Ideal for Essential Auto Service Retail
Résumé analytique
CBRE is pleased to present an opportunity to acquire a brand new 12-year Absolute NNN single-tenant property leased to Grease Monkey, an oil change and auto service station concept. The tenant signing this new absolute NNN Lease relieves the landlord of operational and capex expenditures over the life of the lease. The parcel is located in Naperville, DuPage County, Illinois, just 30 miles west of downtown Chicago.
Investment highlights
- Absolute NNN Lease - No Landlord Responsibilities
- Extremely Low Rent at Price/SF
- New 12-Year Base Term with Two (2) 5-Year Options
- 2% Annual Rent Increases
- Lease Term: 144 months (12 years) Commencing Upon Building Delivery to Tenant Renewal Options: Two (2) x Five (5) year options (22 years total potential term)
- 8,770 SF (Multi-Bay Auto Service Center) on 1.19 Acres
Tenant Responsibilities (NNN):
- All Maintenance and Repairs Including Structural, Roof, and Load-Bearing Walls
- All Taxes and Assessments
- All Insurance and Utilities
Operator Strength:
- Proven and seasoned multi-unit Grease Monkey franchisee
- Personal Guarantee Backed By Strong Financials
The Sublease: Hidden deal Within the Deal:
-Operator Has Signed A 12-Year Carwash Sublease With Illinois-Based Global Wide Holdings, Co-Terminus With The Master Lease Term
-Subtenant Pays $60,000/Yr Base Rent Plus:
-50% Of Real Estate Taxes And Insurance
-100% Of The Water Bill
-40% Of Gas And Electric
-50% Of Trash, Internet, And Phone
-Sublease Escalates At 2% Annually, Mirroring Master Lease
-Effective Net Rent To The Operator Drops From $135,000 to ~$75,000, Meaning This Unit Only Needs To Do Revenue Of $1M In Annual Gross Sales To Maintain A Healthy 7.5% Rent To Sales Ratio
-Operator’s Existing Stores: Top Two Clear $1M+ Revenue In Far Weaker Demographics Than Naperville
-The Subtenant Economics Flow Only To The Operator, But This Creates Downside Protection Without Capping Upside
Investment highlights
- Absolute NNN Lease - No Landlord Responsibilities
- Extremely Low Rent at Price/SF
- New 12-Year Base Term with Two (2) 5-Year Options
- 2% Annual Rent Increases
- Lease Term: 144 months (12 years) Commencing Upon Building Delivery to Tenant Renewal Options: Two (2) x Five (5) year options (22 years total potential term)
- 8,770 SF (Multi-Bay Auto Service Center) on 1.19 Acres
Tenant Responsibilities (NNN):
- All Maintenance and Repairs Including Structural, Roof, and Load-Bearing Walls
- All Taxes and Assessments
- All Insurance and Utilities
Operator Strength:
- Proven and seasoned multi-unit Grease Monkey franchisee
- Personal Guarantee Backed By Strong Financials
The Sublease: Hidden deal Within the Deal:
-Operator Has Signed A 12-Year Carwash Sublease With Illinois-Based Global Wide Holdings, Co-Terminus With The Master Lease Term
-Subtenant Pays $60,000/Yr Base Rent Plus:
-50% Of Real Estate Taxes And Insurance
-100% Of The Water Bill
-40% Of Gas And Electric
-50% Of Trash, Internet, And Phone
-Sublease Escalates At 2% Annually, Mirroring Master Lease
-Effective Net Rent To The Operator Drops From $135,000 to ~$75,000, Meaning This Unit Only Needs To Do Revenue Of $1M In Annual Gross Sales To Maintain A Healthy 7.5% Rent To Sales Ratio
-Operator’s Existing Stores: Top Two Clear $1M+ Revenue In Far Weaker Demographics Than Naperville
-The Subtenant Economics Flow Only To The Operator, But This Creates Downside Protection Without Capping Upside
Informations sur l’immeuble
| Prix | 1 977 525 € | Classe d’immeuble | C |
| Prix par m² | 2 427,13 € | Surface du lot | 0,48 ha |
| Type de vente | Investissement | Surface de l’immeuble | 815 m² |
| Taux de capitalisation | 6 % | Nb d’étages | 1 |
| Type de bien | Spécialité | Année de construction/rénovation | 2003/2025 |
| Sous-type de bien | Station de lavage auto | Ratio de stationnement | 0,25/1 000 m² |
| Prix | 1 977 525 € |
| Prix par m² | 2 427,13 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6 % |
| Type de bien | Spécialité |
| Sous-type de bien | Station de lavage auto |
| Classe d’immeuble | C |
| Surface du lot | 0,48 ha |
| Surface de l’immeuble | 815 m² |
| Nb d’étages | 1 |
| Année de construction/rénovation | 2003/2025 |
| Ratio de stationnement | 0,25/1 000 m² |
1 1
Assez praticable à pied
40/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Taxes foncières
| Numéro de parcelle | 07-01-21-209-007 | Évaluation des aménagements | 389 521 € |
| Évaluation du terrain | 105 885 € | Évaluation totale | 495 407 € |
Taxes foncières
Numéro de parcelle
07-01-21-209-007
Évaluation du terrain
105 885 €
Évaluation des aménagements
389 521 €
Évaluation totale
495 407 €
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Grease Monkey Oil Change & Car Wash | 5008 Ace Ln
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