Jiffy Lube

2,200 SF | Retail Building | Matteson, IL 60443 | $1,400,000 ($636/SF) | 6.03% Cap Rate

Asking Price $1,400,000

Property Type: Retail
Square Feet: 2,200 SF
Price / Square Foot: $636

Listing Contacts

Brian Brockman

Verified Profile

Property Info

Property Overview

Long-Term Commitment to the Site With Over 10 Years Remaining in Term
Lease Supports Two, 5-Year Options with Strong 10%Rental Escalations in Each Option
Brick Construction | 2014 New Roof
Strong Lease Guarantor And Operator - Team Car Care - Jiffy Lube's Largest Franchisee With Over 535 Locations
Excellent Visibility with Frontage Along S Cicero Ave With Traffic Counts of Over 18,000 Vehicles Per Day
Strong Demos - 160,311 People Within 5 Miles of the Subject Property | Average HH Income Within 5 Miles Exceeds $90,000
Matteson, IL is an Affluent Southern Suburb Of Chicago | 3rd Most Populous MSA In The Country According to the 2020 Census
Tenant Reimburses For Taxes, Cam And Insurance Full Remodel Was Completed In 2014

Property Details

Class: C
Year Built/Renovated: 1991/2014
Stories: 1
Property Subtype: Vehicle Related
Lot Size (sq. ft): 31,363 SF

Highlights

Long-Term Commitment to the Site With Over 10 Years Remaining in Term
Lease Supports Two, 5-Year Options with Strong 10% Rental Escalations in Each Option
Brick Construction | 2014 New Roof
Strong Lease Guarantor And Operator - Team Car Care - Jiffy Lube's Largest Franchisee With Over 535 Locations
Excellent Visibility with Frontage Along S Cicero AveWith Traffic Counts of Over 18,000 Vehicles Per Day
Tenant Reimburses For Taxes, Cam And Insurance Full Remodel Was Completed In 2014

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