For Sale
$987,500

8717 Ogden Ave Lyons, IL 60534

High-yield auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 2,471-square-foot, newly renovated Auto Glass Now! auto shop in Lyons, Illinois. Located on Ogden Avenue, a high-traffic thoroughfare with over 24,000 vehicles per day, this property benefits from its strategic position near major national brands such as Wendy's, Burger King, Family Dollar, 7-Eleven, Walgreens, and Starbucks. The property sits on a 0.37-acre lot and enjoys 100% occupancy under a Net Lease agreement with a corporate guarantee. The current lease with Auto Glass Now!, a subsidiary of the publicly traded Driven Brands, expires January 31, 2029, offering a remaining term of approximately 4.2 years. The lease includes a 10% rent increase every five years, providing built-in growth potential. The asking price is $987,500, representing an 8.00% cap rate and a price per square foot of $399.64. The property generates a Net Operating Income (NOI) of $79,000. Lease options for 3 or 5-year extensions are available. This is a compelling investment opportunity due to its strong tenant, high-traffic location, and attractive financial metrics. The property's proximity to a densely populated residential area further enhances its long-term value. This single-tenant net lease investment offers a stable and predictable income stream with significant upside potential.

Highlights

  • $987,500 asking price for a 2,471 SF Auto Glass Now! retail property in Lyons, IL.
  • Net lease investment with an 8.00% cap rate and $79,000 NOI.
  • 100% occupancy with a remaining lease term of 4.2 years expiring 01/31/2029.
  • Located on Ogden Ave with 24,000+ vehicles per day, near major retailers like Wendy's, Burger King, and Walgreens.
  • Features a corporate guarantee from Driven Brands, a publicly traded company.

Property Details for 8717 Ogden Ave

Property type
Retail properties, Auto shops
Square Feet
2,471 SF
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Lyons
County
Cook
State
Illinois
Latitude
41.8163712853
Longitude
-87.838931926352
8717 Ogden Ave, Lyons, Illinois

FAQs

What type of property is this?
Retail property - High-yield auto shop, strong tenant.
Where is the retail property located?
The property is located at 8717 Ogden Ave Lyons, IL.
What is the asking price?
The asking price for this property is $987,500.
What are key features of this property?
This property features: $987,500 asking price for a 2,471 SF Auto Glass Now! retail property in Lyons, IL.; Net lease investment with an 8.00% cap rate and $79,000 NOI.; 100% occupancy with a remaining lease term of 4.2 years expiring 01/31/2029.
How can I contact the broker?
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8717 Ogden Ave
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