For Sale
$585,000

19560 Burnham Ave Lynwood, IL 60411

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a single-tenant, net-leased auto shop in Lynwood, Illinois. The property, located at 19560 Burnham Ave, boasts a 6,761 square foot building on a 0.75-acre lot (32,571 sq ft). Currently occupied by an All Tune and Lube franchisee under a 5-year lease (commencing February 15, 2021, expiring February 14, 2026), with two 5-year renewal options, offering a remaining lease term of approximately 1.2 years. The lease includes annual rent bumps of 5%, with 3% increases for the options. The property features 20 surface parking spaces and benefits from a high traffic count of 24,100 vehicles per day at the nearby intersection of Burnham Ave and Glenwood Lansing Road. The building, constructed in 1970, offers a current Net Operating Income (NOI) of $46,808, resulting in an 8.00% cap rate and a pro-forma cap rate of 8.40%. Real estate taxes are $23,595. The asking price is $585,000, translating to $86.53 per square foot and $19.96 per square foot for land value. The property is zoned commercial and has a Cook County APN of 33072010430000 and 33072010500000. This is a turnkey investment with stable, predictable cash flow, ideal for a passive investor seeking a strong return. The property's location across from the Lansing Municipal Airport further enhances its visibility and accessibility.

Highlights

  • Net-leased All Tune and Lube franchisee property with a 5-year lease and two 5-year options.
  • 8% cap rate, with a pro-forma cap rate of 8.4%.
  • $46,808 Net Operating Income (NOI), with a pro-forma NOI of $49,124.
  • Real estate taxes totaling $23,595.
  • 6,761 square-foot building constructed in 1970, situated on a 0.75-acre lot (32,571 square feet).

Property Details for 19560 Burnham Ave

Property type
Retail properties, Auto shops
Square Feet
6,761 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF
Units
1

Location Insight

City
Lynwood
County
Cook
State
Illinois
Latitude
41.540067288133
Longitude
-87.539417610948
19560 Burnham Ave, Lynwood, Illinois

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 19560 Burnham Ave Lynwood, IL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Net-leased All Tune and Lube franchisee property with a 5-year lease and two 5-year options.; 8% cap rate, with a pro-forma cap rate of 8.4%.; $46,808 Net Operating Income (NOI), with a pro-forma NOI of $49,124.
How can I contact the broker?
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19560 Burnham Ave
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