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NNN Leased Take 5 Oil
For Sale
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14701 S Cicero Ave, Midlothian, IL 60445

NNN leased Take 5 Oil investment property for sale.

Property Size3,000 SF
Price / SF$833.33
Days on Market180

Property Features for 14701 S Cicero Ave

General Information

Standard status Active
Size 3,000 SF
Total Parking Spaces 8
Property subtype Retail
Zoning B3: Community Commercial
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $150,000

Building Details

Year Built 1989
Year Renovated 2020
Buildings 1
Stories 1
Tenancy Single
Listing Agency: SRS Real Estate Partners Newport Beach
Listed By: Cortland Lioi · License #CA 02042182
Source: Crexi
Added: Feb 11 Changed: Aug 9 Last Checked: Aug 10 at 1:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Take 5 Oil ... Auto Repair Shop

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Restaurant Building Supply Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

621
Businesses Nearby
77k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Dining 45%
Thorntons Shops & Services
14,757 visits/mo 0.2 miles
White Castle Dining
13,374 visits/mo 0.1 miles
Exxon Shops & Services
11,866 visits/mo 0.0 miles
Dollar General Shops & Services
7,606 visits/mo 0.3 miles
Dunkin' Donuts Dining
6,656 visits/mo 0.1 miles

Demographics for 60445, IL

14,692
Population
6,228
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
4.3 sq mi
ZIP Area
3,417
Density / Sq Mi
$68,385
Median Household Income
$46,480
Median Earnings
$1,202
Median Rent
$201,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

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  • Restoration Service By Steve 15000 Knox Ave, Midlothian, IL 60445
  • Take 5 Oil Change 14701 S Cicero Ave, Midlothian, IL 60445
  • Applied Graphics & Signs, Inc 15048 S Cicero Ave, Oak Forest, IL 60452

Frequently Asked Questions

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 is the asking price?
The asking price for this property is $2,500,000.
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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