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10901 S Cicero Ave Oak Lawn, IL 60453

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NNN leased Take 5 Oil investment property in Oak Lawn.

Property size:
1,800 SF
Lot size:
0.40 Acres

Property Features for 10901 S Cicero Ave

General Information

Standard status
Active
Zoning
C-2 General Service Business
Size
1,800 SF
Lot size
0.40 Acres

Building Details

Year built
1968

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Listing Contact
Cortland Lioi
Cortland Lioi
Source: Crexi

Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Cortland Lioi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

NNN Leased Take 5 Oil

This property is an absolute NNN leased Take 5 Oil investment property in Oak Lawn, Illinois. The tenant, TWO Oil 5, LLC, has signed a 15-year lease with 6 (5-year) options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The Take 5 Oil Change is located along S. Cicero Avenue / State Highway 50, a major north–south retail and commuter corridor serving the southwest Chicago suburbs, with exposure to approximately 42,100 vehicles per day. It also benefits from close proximity to W. 95th Street / U.S. Highways 12 & 20 (37,500 VPD). The property is positioned within a dense and highly established retail corridor surrounded by a mix of national and credit tenants including Target, Home Depot, Walmart Supercenter, Sam’s Club, Menards, Kohl’s, Burlington, Marshalls, TJ Maxx, Aldi, Mariano’s, Whole Foods, Walgreens, CVS, Dunkin’, Panera Bread, and numerous other retailers, restaurants, and service providers. The area serves as a dominant commercial hub for Oak Lawn and the surrounding South Cook County communities. The property is located within the Chicago–Naperville–Elgin MSA. The five-mile trade area is supported by approximately 372,000 residents, with average household incomes exceeding $106,000. The property size is 1800 square feet.
Location Intelligence

Current Use by Public Records

Take 5 Oil ... Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

National Auto Services, CarTech, Used Transmissions Warehouse, Tony's Automotive Technician, Tire Discount

Location Insight

  • Map
  • Local Demand
City
Oak Lawn
County
Cook
State
Illinois
Longitude
-87.7394688
Latitude
41.6943548

FAQs

What type of property is this?
Auto shop - NNN leased Take 5 Oil investment property in Oak Lawn.
Where is this auto shop located?
The property is located at 10901 S Cicero Ave Oak Lawn, IL.
What are key features of this property?
This property features: - Absolute NNN lease provides a completely management-free investment.; - 15-year lease with Take 5 Oil, plus 6 (5-year) options, ensures long-term tenancy.; - High traffic location on S. Cicero Avenue / State Highway 50, seeing approximately 42,100 vehicles per day.
More about this property
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