Single-Tenant AutoZone Retail
For Sale
Contact for pricing
5509 Lincoln Ave, Lisle, IL 60532
Single-tenant AutoZone with a lease extended through August 2035 and a 2025 roof membrane with 20-year warranty.
Property Size7,001 SF
Price / SF$286.92
Days on Market90
Property Features for 5509 Lincoln Ave
General Information
Standard status
Active
Size
7,001 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$115,500
Additional Details
Traffic Count
53,850 vehicles/day
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Conrad Sarreal · License #CA 01982875
Source:
Crexi
Added: Jun 8
Changed: Sep 2
Last Checked: Aug 29 at 10:46PM
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 Matthews
Investment Insights
Based on property information with market context.
This is a single-tenant AutoZone retail property offered for sale at 5509 Lincoln Ave in Lisle, Illinois. The investment features an established AutoZone location with a recently extended 10-year lease term through August 2035, following AutoZone’s lease extension in December 2024. The roof membrane was installed in 2025 with a 20-year warranty, helping limit near-term capital expenditure risk.
The property is positioned at the signalized intersection of Maple Avenue and Lincoln Avenue. The combined traffic count at the intersection is approximately 53,850 vehicles per day. The surrounding trade area includes major grocers and retailers such as Jewel-Osco (Albertsons) and ALDI, with additional nearby brands including Walgreens, McDonald’s, Starbucks, and several convenience retailers.
The location is in Lisle, an affluent DuPage County community immediately east of Naperville. The area is described as having average household incomes exceeding $173,000 within a 3-mile radius. The property is also approximately 2.5 miles from Morton Arboretum.
The property is positioned at the signalized intersection of Maple Avenue and Lincoln Avenue. The combined traffic count at the intersection is approximately 53,850 vehicles per day. The surrounding trade area includes major grocers and retailers such as Jewel-Osco (Albertsons) and ALDI, with additional nearby brands including Walgreens, McDonald’s, Starbucks, and several convenience retailers.
The location is in Lisle, an affluent DuPage County community immediately east of Naperville. The area is described as having average household incomes exceeding $173,000 within a 3-mile radius. The property is also approximately 2.5 miles from Morton Arboretum.
Key Highlights
- Single‑tenant AutoZone at 5509 Lincoln Ave, Lisle, IL
- Lease extended 10 years, through August 2035
- AutoZone extended its lease in December 2024
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
$97,175
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
4.84%
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%
$1,943,500
$1.9M
Cap Rate 7%
$1,388,214
$1.4M
Cap Rate 9%
$1,079,722
$1.1M
Market Conditions
NOI Build-Up for 7,001 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
$151.2K $21.60/SF
− Vacancy
−$12.4K −$1.77/SF
EGI
$138.8K $19.83/SF
− OpEx
−$41.6K −$5.95/SF
NOI
$97.2K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /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%
$1,943,500
Cap Rate 7%
$1,388,214
Cap Rate 9%
$1,079,722
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,175 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,199 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
53,850 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
179k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 33%
Dining 30%
Beauty & Spa 3%
Jewel-Osco
Groceries
42,364 visits/mo
0.3 miles
McDonald's
Dining
22,583 visits/mo
0.1 miles
Aldi
Groceries
19,027 visits/mo
0.1 miles
Shell
Shops & Services
16,011 visits/mo
0.2 miles
Starbucks
Dining
11,906 visits/mo
0.2 miles
Demographics for 60532, IL
28,766
Population
13,203
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,373
Median Household Income
$64,114
Median Earnings
$1,576
Median Rent
$387,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant AutoZone with a lease extended through August 2035 and a 2025 roof membrane with 20-year warranty.
Where is this auto shop located?
The property is located at 5509 Lincoln Ave Lisle, IL.
What is the asking price?
The asking price for this property is $2,008,695.
What are key features of this property?
This property features: Single‑tenant AutoZone at 5509 Lincoln Ave, Lisle, IL; Lease extended 10 years, through August 2035; AutoZone extended its lease in December 2024
