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    2814 Joseph Cannon Way Marion, IL

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    For Sale
    $1,993,000

    NNN leased investment property with over 14 years remaining.

    Property size:
    1,760 SF
    Lot size:
    4.74 Acres

    Property Features for 2814 Joseph Cannon Way

    General Information

    Size
    1,760 SF
    Lot size
    4.74 Acres

    Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

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

    Overview

    Take 5 Oil Change Investment

    This investment property in Marion, Illinois, is leased to Tvoc Marion, LLC, operating as Take 5 Oil Change. The tenant has over 14 years remaining on the lease, with 8 options to extend for 5 years each, demonstrating commitment to the location. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The property is subject to an absolute NNN lease with zero landlord responsibilities. Take 5 Oil Change, founded in 1984, is a nationally recognized brand with over 800 locations throughout the United States and Canada. The property contains 1,760 square feet.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    Jonez Boyz, Mr Front End, Aaron's Auto Center & Quick Lube, Si Towing & Recovery, A-1, The Mobile Auto-Body & Mechanic Specialist

    Map

    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9331256
    Latitude
    37.7306054

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    FAQs

    What type of property is this?
    Auto shop - NNN leased investment property with over 14 years remaining.
    Where is this auto shop located?
    The property is located at 2814 Joseph Cannon Way Marion, IL.
    What is the asking price?
    The asking price for this property is $1,993,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a management-free investment; - Over 14 years remaining on the initial lease term, providing long-term stability; - Lease includes 7.5% rental increases every 5 years, hedging against inflation
    (949) 698-1116
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    2814 Joseph Cannon Way Marion, IL
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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
    2814 Joseph Cannon Way Marion, IL
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