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14701 S Cicero Ave Midlothian, IL 60445

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For Sale
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NNN leased Take 5 Oil investment property for sale.

Property size:
3,000 SF
Lot size:
0.52 Acres

Property Features for 14701 S Cicero Ave

General Information

Standard status
Active
Zoning
B3: Community Commercial
Size
3,000 SF
Lot size
0.52 Acres

Building Details

Year built
1989

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Listing Contact
Cortland Lioi
Cortland Lioi
Source: Crexi

Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Cortland Lioi

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

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Overview

NNN Leased Take 5 Oil

This is an opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Midlothian, Illinois. The tenant, TWO Oil 5, LLC, has signed a 15-year lease with 6 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The Take 5 Oil Change is located along S. Cicero Avenue, a major north–south retail and commuter corridor serving the southern Chicago suburbs, with exposure to 38,300 vehicles per day. The property also benefits from close proximity to 147th Street / State Highway 83 (19,600 VPD) and Interstate 294 (75,100 VPD). The subject property is positioned within a dense and established retail corridor surrounded by a strong mix of national and credit tenants including Walmart Supercenter, Target, Menards, Aldi, Walgreens, Dunkin’, Taco Bell, Popeyes, Dollar Tree, Dollar General, McDonald’s, and numerous other retailers and service providers. The area functions as a dominant commercial hub for Midlothian and surrounding communities. Additionally, the property benefits from its infill location within the Chicago–Naperville–Elgin MSA. The five-mile trade area is supported by approximately 230,600 residents, with average household incomes approaching $100,000. The property size is 3000 square feet.
Location Intelligence

Current Use by Public Records

Take 5 Oil ... Auto Repair Shop

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Similar Places Nearby

Tasca Ford Midlothian Service, Johnny's Garage, Restoration Service By Steve, Take 5 Oil Change, Applied Graphics & Signs, Inc

Location Insight

  • Map
  • Local Demand
City
Midlothian
County
Cook
State
Illinois
Longitude
-87.736728
Latitude
41.6248759

FAQs

What type of property is this?
Auto shop - NNN leased Take 5 Oil investment property for sale.
Where is this auto shop located?
The property is located at 14701 S Cicero Ave Midlothian, IL.
What are key features of this property?
This property features: - Absolute NNN lease with zero landlord responsibilities, providing a management-free investment.; - Benefit from a 15-year initial lease term with 6 (5-year) options to extend, demonstrating tenant commitment.; - 10% rental increases every 5 years, hedging against inflation and growing NOI.
More about this property
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