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    1809 Eastland Dr Bloomington, IL 61704

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    For Sale
    $1,350,000

    NNN leased Monro Auto Service property for sale.

    Property size:
    10,676 SF
    Lot size:
    0.72 Acres

    Property Features for 1809 Eastland Dr

    General Information

    Size
    10,676 SF
    Lot size
    0.72 Acres

    Source: SRS Real Estate Partners | San Diego Agent Chad Lieber

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

    Overview

    Freestanding Monro Auto Service Investment

    This is a fee simple interest (land & building ownership) opportunity to acquire a NNN, freestanding Monro Auto Service investment property in Bloomington, Illinois. The tenant, Monro Muffler Brake, Inc., has approximately 4 years remaining in their current term, with 3 (5-year) options to extend. The lease includes 10% rental increases at the beginning of each option period. The lease is absolute NNN with limited landlord responsibilities. Monro Auto is a leading automotive service provider with over 1,300 stores and 9,000 service bays nationwide. Monro generated approximately $1.4 billion in sales in fiscal year 2022 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. The property size is 10676 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car-X Tire & Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Owen Tire & Auto, MGT Films - Bloomington, Illinois, Car-X Tire & Auto / Davis Tire, Scotts Car Towings, Palmer Tire & Auto Service Center

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9470656
    Latitude
    40.4835614

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Monro Auto Service property for sale.
    Where is this auto shop located?
    The property is located at 1809 Eastland Dr Bloomington, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Low-management, passive investment opportunity.; - Strong Tenant: Leased to Monro Muffler Brake, Inc., a leading national automotive service provider.; - Rental Increases: Features 10% rental increases at the beginning of each 5-year option period.
    (847) 873-5340
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    1809 Eastland Dr Bloomington, IL 61704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1809 Eastland Dr Bloomington, IL 61704
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