Absolute NNN Automotive
For Sale
Contact for pricing
5008 ACE LN, Naperville, IL 60564
Single-tenant automotive property combining oil-change service with a car wash component under an absolute NNN lease structure.
Property Size8,770 SF
Price / SF$256.56
Days on Market131
Property Features for 5008 ACE LN
General Information
Standard status
Active
Size
8,770 SF
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2003
Year Renovated
2025
Units
1
Tenancy
Single
Listing Agency:
CBRE - Tampa
Listed By:
James Garner, CCIM · License #FL SL3273659
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 12:03AM
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 CBRE - Tampa
Investment Insights
Based on property information with market context.
This 8,770-square-foot commercial property in Naperville, Illinois, was built in 2003 and is occupied by Grease Monkey for oil-change and automotive service operations. The single-tenant arrangement is structured as a 12-year absolute NNN lease, with the landlord relieved of operating and capital expenditure responsibilities under the lease framework.
The site also includes a car wash operation through a separate 12-year sublease that runs concurrently with the master lease. The sublease provides for 2% annual escalations and allocates portions of real estate taxes, insurance, utilities, trash, internet, and phone expenses to the subtenant. The property is in DuPage County, approximately 30 miles west of downtown Chicago.
The site also includes a car wash operation through a separate 12-year sublease that runs concurrently with the master lease. The sublease provides for 2% annual escalations and allocates portions of real estate taxes, insurance, utilities, trash, internet, and phone expenses to the subtenant. The property is in DuPage County, approximately 30 miles west of downtown Chicago.
Key Highlights
- 8,770‑square‑foot automotive property in Naperville, DuPage County, Illinois
- Built in 2003
- 12‑year absolute NNN lease with Grease Monkey
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,790,860
$1.8M
Cap Rate 7%
$1,279,186
$1.3M
Cap Rate 9%
$994,922
$994.9K
Market Conditions
NOI Build-Up for 8,770 SF
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.
Gross rent
$136.8K $15.60/SF
− Vacancy
−$8.9K −$1.01/SF
EGI
$127.9K $14.59/SF
− OpEx
−$38.4K −$4.38/SF
NOI
$89.5K $10.21/SF
Area
Naperville, IL
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,790,860
Cap Rate 7%
$1,279,186
Cap Rate 9%
$994,922
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,543 @ 7.0% cap · market cap 3.98%
Second Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,600 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,572 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
195k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Apparel 25%
Groceries 22%
Dining 11%
T.J. Maxx
Apparel
48,213 visits/mo
0.2 miles
Angelo Caputo's Fresh Markets!
Groceries
42,563 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,227 visits/mo
0.2 miles
Starbucks
Dining
13,164 visits/mo
0.1 miles
Speedway
Shops & Services
13,152 visits/mo
0.1 miles
Demographics for 60564, IL
45,616
Population
16,166
Households
2.8
Avg Household Size
40
Median Age
73%
College-Educated
98%
High-School Grad
16.0 sq mi
ZIP Area
2,851
Density / Sq Mi
$176,250
Median Household Income
$89,203
Median Earnings
$2,172
Median Rent
$550,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant automotive property combining oil-change service with a car wash component under an absolute NNN lease structure.
Where is this nnn property located?
The property is located at 5008 ACE LN Naperville, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8,770‑square‑foot automotive property in Naperville, DuPage County, Illinois; Built in 2003; 12‑year absolute NNN lease with Grease Monkey
