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Take 5 Oil Change Ground Lease, Mount Prospect, IL

Take 5 Oil Change Ground Lease

Mount Prospect, Illinois

Price $1,800,000
Cap Rate 5.00%
NOI $90,000
Lease Term 10 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 1,700 SF
Lot Size 0.31 Acres (13,437 SF)
Status Under Contract
Lead Broker Information Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Russell Train
Brokerage
202.210.2379
russell.train@cushwake.com
CA RE License #02087816

Investment Highlights

NEW 10-YEAR ABSOLUTE NNN GROUND LEASE
» 10-year absolute NNN ground lease with no landlord responsibilities
» Strong personal guaranty
» 10% rental increases every five (5) years in initial term and option periods, providing a hedge against inflation

CENTRAL LOCATION NEAR MAJOR EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Site resides along U.S. Route 12/East Rand Road, with access to 25,557 vehicles per day directly in front of the property
» Located directly across from a Menards, Walmart, and ALDI-anchored retail destination
» At the entrance to Kensington Business Park, featuring offices for Makita USA, Atlas Material Testing Technology, Coram Healthcare, Well Foot & Ankle institute, MPI Sports Development Center, and more
» Beneficial proximity to major community hubs, including Allstate Arena (1.4 million annual visitors), Rivers Casino (43,000-square-foot gaming area and 1,000 employees), and Mystic Waters Family Aquatic Center
» Surrounded by a strong mix of local and national retailers, including Burlington, Ross, Five Below, Marshalls, Texas Roadhouse, Panda Express, and many more
» 20 miles from Downtown Chicago, the third-most populous city in the United States (2,746,388 population)

LARGE, AFFLUENT, AND GROWING CUSTOMER BASE
» 319,854 residents live within a five-mile radius
» Average annual household income of $145,141 within one mile of the property
» Projected average annual household income increase of 12 percent within a five mile radius of the site over the next five years, poising Mount Prospect and Take 5 Oil Change for significant concurrent growth
» Surrounded by several housing developments and townhouse/apartment complexes

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with customer remaining in car
» Take 5 Oil Change is experiencing explosive growth with continued aggressive expansion plans
» New 2021 construction built to Take 5’s latest prototype – includes three (3) service bays



Property Description

The property located along U.S. Route 12/East Rand Road, with visibility and access to 25,557 vehicles per day. The site benefits from its setting in a primary retail corridor near major tourist attractions. This Take 5 is located directly across from a Menards, Walmart, and ALDI-anchored retail destination. The property is also located at the entry to Kensington Business Park, featuring offices for Makita USA, Atlas Material Testing Technology, Coram Healthcare, Well Foot & Ankle institute, MPI Sports Development Center, and more. The site has a beneficial proximity to major community hubs, including Allstate Arena (1.4 million annual visitors), Rivers Casino (43,000-square-foot gaming area and 1,000 employees), and Mystic Waters Family Aquatic Center The site is surrounded by a strong mix of local and national retailers, including Burlington, Ross, Five Below, Marshalls, Texas Roadhouse, Panda Express, and many more. The location conveniently serves as a gateway to Downtown Chicago, the third-most populous city in the United States (2,746,388 population).

The property is centrally located near major employers, important community amenities, and dense residential neighborhoods. 319,854 residents live within a five-mile radius, with an average household income of $145,141 within one mile of the property. The location benefits from its setting surrounded by several single family housing developments and townhouse/apartment complexes. Additionally, the property is poised for significant growth, with a projected average annual household income increase of 12 percent within five miles of the site over the next five years.

Contact Us About This Property

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