245 W 162Nd St South Holland, IL 60473

This single-tenant auto center is available for acquisition, situated at 239 W 162nd Street in South Holland, IL. The property is located on the south side of 162nd Street, also known as Route 6, and is approximately 10 minutes from both Interstate 94 to the east and Interstate 294 to the west. The location benefits from high daily traffic counts on 162nd Street, ranging from 23,000 to 31,000 vehicles per day. The building has approximately 6,500 square feet of leasable area and is situated on a 0.46-acre lot. The facility includes 8 operational car bays, a dedicated office, and a waiting area. Recent improvements include a new 60-mil TPO roof installed in 2024 with a 20-year warranty, and a new furnace with a 10-year warranty. The property is currently 100% occupied by a long-tenured tenant who recently signed a new triple net lease for a primary term of 7 years, with two 5-year option periods. The rental rate includes a 6.6% increase in the fourth lease year and a 3.7% increase in the sixth lease year. During the option periods, rents increase 2% annually. Nearby retailers include Dunkin Donuts, Wendy’s, Browns Chicken, and Pizza Hut, as well as Advocate Health Care and UChicago Medicine. This property offers a long-term, absolute net leased auto center investment opportunity in the Chicago MSA.