1245 Dekalb AveSycamore, IL 60178

Property Details for 1245 Dekalb Ave

Year built

1996

Lot size

0.63 AC

Property size (Sq ft)

1,230 SF

Property type

Commercial real estate

APN

06-31-451-021

APU

631451021

Description

This exceptional investment opportunity presents a 15-year sale-leaseback of a Take 5 Oil Change in Sycamore, IL. The 1,230 square foot auto shop, situated on a 0.63-acre lot, boasts a strong location near major retailers like Meijer, Walgreens, and Culver's, as well as Sycamore High School and Northwestern Medicine Kishwaukee Hospital. Built in 1996 and renovated in 2022, the property generates a substantial NOI of $90,000, with a 6.50% cap rate and a $1,384,615.38 asking price ($1,125.70/sq ft). The absolute NNN lease includes eight, five-year renewal options with 7.5% rent bumps every five years, ensuring long-term income stability. The property benefits from high traffic counts on nearby DeKalb Ave, S. Peace Rd, and W. State St. This is a fee simple ownership with 100% occupancy by a franchisee of a top-three national lube center chain, currently experiencing rapid growth. The property's proximity to a new Meijer grocery store and a hospital further enhances its investment appeal. This is a single-tenant, single-story building offering a secure and profitable investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $254,209

  Hospitality

  $232,854

  Educational

  $193,732

  Medical

  $200,395

  Retail

  $301,361

Location Insight

City

Sycamore

County

Dekalb

State

Illinois

Latitude

41.9818

Longitude

-88.7063

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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