1245 Dekalb Ave Sycamore, IL 60178

This property features a brand new 15-year absolute NNN lease with over 14 years remaining, offering stable cash flow and zero landlord responsibilities, along with eight 5-year options to renew. The lease includes 7.5% rental increases every 5 years throughout the initial term and option periods. The tenant, Take 5, is the 3rd largest lube center chain in the U.S. with 551 locations and is currently the fastest-growing lube center chain in the country. The operator has an agreement with Take 5 to develop 44 locations over the next 5 years and has exclusive rights to the states of Illinois & Michigan, except for Chicago & Detroit. The property features Take 5’s modern prototype design with 2 drive-thru bays and a lengthy waiting queue. The 1,209 square feet building is situated on a 0.638 acre parcel. The location experiences high traffic, with more than 27,800 vehicles per day on Dekalb Ave (IL-23), over 53,000 vehicles per day on S. Peace Rd, and an additional 12,661 on nearby W. State St (IL-64). The property is in a densely populated, infill location with strong demographics, with over 59,000 people in a 5-mile radius and an average household income exceeding $94,000 in a 3-mile radius. It is located directly across from a Blain’s Farm & Fleet store and adjacent to a new Meijer grocery store. The property is situated in front of Sycamore High School with over 1,200 students enrolled and approximately 1.1 miles from the 69-bed Kindred Hospital of Sycamore.