NNN Leased Jiffy Lube Investment

440 E South St, Freeport, IL

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For Sale

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NNN leased Jiffy Lube with over 9 years remaining.

Type:RETAIL

Property size:

1,692 SF

Lot size:

0.49 Acres

Price / SF:

$409/SF

HighLights

Absolute NNN Lease: Enjoy a completely passive investment.
Long‑Term Lease: Benefit from over 9 years remaining on the current lease term.
Rent Increases: Secure your investment with 10% rent increases every 5 years.
Proven Location: Tenant has successfully operated here for over 30 years.
Low Price Point: An attractive entry point for investors.
High Visibility: Great visibility along E South St with 14,000+ VPD.

We can help!

Listing Contact

Eric Kelley

Learn more

For Sale

Contact for pricing

NNN leased Jiffy Lube with over 9 years remaining.

Type:RETAIL

Property size:

1,692 SF

Lot size:

0.49 Acres

Price / SF:

$409/SF

Added:: Feb 20, 2024
Days on Market:: 849
Last Refresh:: May 19 at 9:44 pm

Property Features for 440 E South St

General Information

Standard status: Active
Size: 1,692 SF
Lot size: 0.49 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Eric Kelley

Listing agent Chance Hales License #TX 697980

Listing office Trinity Real Estate Investment Services - Corporate

Listing date Feb 20, 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 Trinity Real Estate Investment Services - Corporate

HighLights

Absolute NNN Lease: Enjoy a completely passive investment.
Long‑Term Lease: Benefit from over 9 years remaining on the current lease term.
Rent Increases: Secure your investment with 10% rent increases every 5 years.
Proven Location: Tenant has successfully operated here for over 30 years.
Low Price Point: An attractive entry point for investors.
High Visibility: Great visibility along E South St with 14,000+ VPD.

Overview

This property is a NNN leased Jiffy Lube location with over 9 years remaining on the current term. The tenant has been successfully operating at this location for over 30 years. The property benefits from great visibility along E South St, with a traffic count of over 14,000 vehicles per day. It is located within a healthy demographic area with over 25,000 residents within a 5-mile radius. The property offers a completely passive investment opportunity with zero landlord responsibilities. Rent increases are structured at 10% every 5 years. The property size is 1,692 square feet. This property is suitable for auto shops, automotive properties, retail properties, NNN properties, and specialty properties.

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Quick lube — 801 E South St, Freeport, IL 61032
Tormohlen's Good People Automotive — 1800 S Ihm Blvd, Freeport, IL 61032
Jiffy Lube — 440 E South St, Freeport, IL 61032
Altman Automotive Inc — 1621 S Sleezer Home Rd, Freeport, IL 61032
Fast Turn Supply Inc — 1731 Lincoln Dr, Freeport, IL 61032

Location Insight

Map
Local Demand

City: Freeport
County: Stephenson
State: Illinois
Longitude: -89.6109
Latitude: 42.2806

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For sale
Auto shops
IL
Freeport
440 E South St

What type of property is this?

Auto shop - NNN leased Jiffy Lube with over 9 years remaining.

Where is this auto shop located?

The property is located at 440 E South St Freeport, IL.

What is the asking price?

The asking price for this property is $693,330.

What are key features of this property?

This property features: Absolute NNN Lease: Enjoy a completely passive investment.; Long‑Term Lease: Benefit from over 9 years remaining on the current lease term.; Rent Increases: Secure your investment with 10% rent increases every 5 years.

440 E South St, Freeport, IL

NNN leased Jiffy Lube with over 9 years remaining.

Property Features for 440 E South St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Freeport Commercial Property For Sale

Commercial Property in Freeport, IL

Wedding and Event Venue Property

Turnkey Automotive Building on Galena

Freeport Duplex: Owner-Occupant Opportunity

Office and Storage Building

Freeport Mixed-Use Investment Opportunity

Unique Freeport Commercial "Dome" Building

Free-Standing Oral Surgery Office

Downtown Freeport Retail Opportunity

Two-Unit Duplex With One Vacant Unit

Free-Standing Oral Surgery Office

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