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    440 E South St Freeport, IL 61032

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    For Sale
    $693,330

    NNN leased Jiffy Lube with over 9 years remaining.

    Property size:
    1,692 SF
    Lot size:
    0.49 Acres

    Property Features for 440 E South St

    General Information

    Size
    1,692 SF
    Lot size
    0.49 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Eric Kelley

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

    Overview

    NNN Leased Jiffy Lube Investment

    This property is a NNN leased Jiffy Lube location with over 9 years remaining on the current term. The tenant has been successfully operating at this location for over 30 years. The property benefits from great visibility along E South St, with a traffic count of over 14,000 vehicles per day. It is located within a healthy demographic area with over 25,000 residents within a 5-mile radius. The property offers a completely passive investment opportunity with zero landlord responsibilities. Rent increases are structured at 10% every 5 years. The property size is 1,692 square feet. This property is suitable for auto shops, automotive properties, retail properties, NNN properties, and specialty properties.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    Quick lube, Tormohlen's Good People Automotive, Jiffy Lube, Altman Automotive Inc, Fast Turn Supply Inc

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.610938
    Latitude
    42.280552

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Jiffy Lube with over 9 years remaining.
    Where is this auto shop located?
    The property is located at 440 E South St Freeport, IL.
    What is the asking price?
    The asking price for this property is $693,330.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy a completely passive investment.; - Long-Term Lease: Benefit from over 9 years remaining on the current lease term.; - Rent Increases: Secure your investment with 10% rent increases every 5 years.
    (817) 304-8916
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    440 E South St Freeport, IL 61032
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    Freeport, IL 61032
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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
    440 E South St Freeport, IL 61032
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