9608 Grand AveFranklin Park, IL 60131

For Sale
$806,628
NNN Leased Auto Glass Shop, Strong Tenant.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fee-simple ownership interest in a 3,774 square foot auto glass repair shop located at 9608 West Grand Avenue, Franklin Park, Illinois. The property sits on a 0.23-acre lot in a high-traffic area, at the signalized intersection of Grand Avenue (22,000+ vehicles per day) and 25th Avenue (16,000+ vehicles per day), offering excellent visibility and accessibility. Built in 1980 and renovated in 2023, this single-story building is currently 100% occupied by Auto Glass Now, a subsidiary of Driven Brands, Inc. (NASDAQ: DRVN), a major player in the automotive services industry. The property benefits from a strong corporate guarantee, minimizing landlord responsibilities under a Net Lease (NNN) agreement. The current lease, commenced February 25, 2024, has a remaining term of approximately 4.3 years, with three 5-year lease options, including a 10% rent increase in each option period. The property boasts a strong NOI of $69,370, resulting in an 8.60% cap rate and a price per square foot of $213.73. The asking price is $806,628. Located in the Cook County, Illinois, within the third largest metropolitan statistical area in the nation, this property offers a compelling investment opportunity in a resilient, internet-resistant industry, with convenient access to O'Hare International Airport. The C-2-1 zoning ensures flexibility for future use. This is a rare chance to acquire a well-positioned, high-performing asset with a secure, long-term tenant.

Highlights

  • Strong corporate guarantee from Driven Brands subsidiary.
  • High-traffic, signalized corner lot with approximately 138,000 vehicles per day.
  • Located in the Chicago MSA, the third largest labor pool in the U.S.
  • Tenanted by the second largest auto glass operator.
  • Less than 3 miles from O'Hare International Airport.
  • Net lease (NNN) with limited landlord responsibilities.

Property Details for 9608 Grand Ave

Property type
Retail properties, Retail space
Square Feet
3,774 SF
Year Built/Renovated
1980/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
1

Location Insight

City
Franklin Park
County
Cook
State
Illinois
Latitude
41.929667017507
Longitude
-87.865521932178
9608 Grand Ave, Franklin Park, Illinois

FAQs

What type of property is this?
Retail property - NNN Leased Auto Glass Shop, Strong Tenant.
Where is the retail property located?
The property is located at 9608 Grand Ave Franklin Park, IL.
What is the asking price?
The asking price for this property is $806,628.
What are key features of this property?
This property features: Strong corporate guarantee from Driven Brands subsidiary.; High-traffic, signalized corner lot with approximately 138,000 vehicles per day.; Located in the Chicago MSA, the third largest labor pool in the U.S.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9608 Grand Ave
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