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    Freestanding Monro Auto Service Investment Title is generated by Realmo AI

    1809 Eastland Dr, Bloomington, IL

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    NNN leased Monro Auto Service property for sale.

    Type:RETAIL
    Property size:
    10,676 SF
    Lot size:
    0.72 Acres
    Price / SF:
    $126/SF
    Added:
    Dec 23, 2024
    Days on Market:
    539
    Last Refresh:
    May 20 at 9:04 pm

    Property Features for 1809 Eastland Dr

    General Information

    Standard status
    Active
    Size
    10,676 SF
    Lot size
    0.72 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chad Lieber
    Chad Lieber

    Listing agent Chad Lieber

    Listing office SRS Real Estate Partners | San Diego

    Listing date Dec 23, 2024

    Source Moodyscre

    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 | San Diego

    HighLights

    • Absolute NNN Lease: Low‑management, passive investment opportunity.
    • Strong Tenant: Leased to Monro Muffler Brake, Inc., a leading national automotive service provider.
    • Rental Increases: Features 10% rental increases at the beginning of each 5‑year option period.
    • Option Periods: Includes 3 (5‑year) options to extend, for potential long‑term income.
    • Freestanding Building: This is a freestanding building.
    • Fee Simple Interest: Acquire the fee simple interest (land & building ownership).

    Overview

    This is a fee simple interest (land & building ownership) opportunity to acquire a NNN, freestanding Monro Auto Service investment property in Bloomington, Illinois. The tenant, Monro Muffler Brake, Inc., has approximately 4 years remaining in their current term, with 3 (5-year) options to extend. The lease includes 10% rental increases at the beginning of each option period. The lease is absolute NNN with limited landlord responsibilities. Monro Auto is a leading automotive service provider with over 1,300 stores and 9,000 service bays nationwide. Monro generated approximately $1.4 billion in sales in fiscal year 2022 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. The property size is 10676 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $160.1k $15.00
    − Vacancy −$12.8k −$1.20
    EGI $147.3k $13.80
    − OpEx −$44.2k −$4.14
    NOI $103.1k $9.66
    10,676 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $103,130 @ 7.0% cap · market cap 7.64%
    Second Best
    Industrial
    $1.05M
    $921.6K – $1.23M (±1% cap)
    NOI $73,729 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $2.23M
    $1.95M – $2.60M (±1% cap)
    NOI $155,784 @ 7.0% cap · market cap 11.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car-X Tire & Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Owen Tire & Auto — 1502 E Empire St, Bloomington, IL 61701
    • MGT Films - Bloomington, Illinois — 1701 E Empire St suite 360-23, Bloomington, IL 61704
    • Car-X Tire & Auto / Davis Tire — 1809 Eastland Dr, Bloomington, IL 61704
    • Scotts Car Towings — 2203 Eastland Dr #1, Bloomington, IL 61704
    • Palmer Tire & Auto Service Center — 1332 E Empire St, Bloomington, IL 61701

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9471
    Latitude
    40.4836

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Monro Auto Service property for sale.
    Where is this auto shop located?
    The property is located at 1809 Eastland Dr Bloomington, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Absolute NNN Lease: Low‑management, passive investment opportunity.; Strong Tenant: Leased to Monro Muffler Brake, Inc., a leading national automotive service provider.; Rental Increases: Features 10% rental increases at the beginning of each 5‑year option period.
    (847) 873-5340 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Lieber
    Chad Lieber
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