24361 W Eames St, Channahon, IL 60410

This investment property in Channahon, Illinois, offers a fee simple interest in a Valvoline location. The tenant, A.D. Kenwood Company, has 19 years remaining on its lease, with options to extend for 3 additional 5-year periods. The lease includes annual 2% rental increases for the first five years, followed by 10% increases every 5 years throughout the remainder of the term and at the beginning of each option period. The lease is absolute NNN, meaning zero landlord responsibilities. A.D. Kenwood Company is a Valvoline Instant Oil Change franchisee with exclusive development rights across the south Chicago suburbs and northwest Indiana, currently operating seven locations with additional sites planned. Qualifying oil change equipment and site improvements are eligible for 100% bonus depreciation. The property benefits from high visibility and access along Eames Street, with a traffic count of 15,700 vehicles per day, and is positioned just east of Interstate 55, which sees 60,000 vehicles per day. The site is located within a sub-1% vacancy industrial submarket encompassing over 4 million square feet of industrial space within one mile, occupied by national tenants including a 1.1M+ SF Amazon fulfillment center. The surrounding area is experiencing ongoing commercial and industrial development, including O’Reilly Auto Parts, Penske Truck Leasing, a new 34,200 SF Penske collision repair facility, and the expansion of ATS trucking operations. The 5-mile trade area is supported by a population of over 44,400 residents and 19,300 employees, with an average household income of $164,024 within 1-mile.