Take 5 Oil Change Auto
New
For Sale
$1,415,000
801 E Rand Rd, Mount Prospect, IL 60056
The Mount Prospect property is leased to Take 5 Oil Change under an absolute NNN ground lease.
Property Size1,617 SF
Price / SF$875.08
Days on Market3
Property Features for 801 E Rand Rd
General Information
Standard status
Active
Size
1,617 SF
Property subtype
Auto Service - Gas-Conv
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
Absolute NNN
Current Tenants
Take 5 Oil Change
Real Estate Included
Yes
Additional Details
Cap Rate
7%
Automotive Uses
quick lube/oil change
Amenities
Absolute Triple-Net Ground Lease | 10.00 Percent Rent Increases Every Five Years
Established Take 5 Location | Proven Operating History
Premier Rand Road Retail Corridor
Dense and Affluent Demographics | Chicago MSA
Building Details
Building Size
1,617 SF
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
Listed By:
Dominic Sulo · License #License(s): IL: 475.134920
(630) 570-2171
Source:
Marcusmillichap
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:04PM
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 Marcus & Millichap - Chicago Oak Brook
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto shop in Mount Prospect, Illinois, is occupied by Take 5 Oil Change under an absolute NNN ground lease. The reported cap rate is 7.00%. The property is located at 801 E Rand Rd.
Key Highlights
- Absolute NNN ground lease
- 7.00% cap rate
- 801 E Rand Rd, Mount Prospect, IL
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
446k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 25%
Apparel 22%
Dining 19%
Shops & Services 13%
Walmart
Superstores
110,749 visits/mo
0.1 miles
Menards
Home Improvements & Furnishings
53,779 visits/mo
0.2 miles
Marshalls
Apparel
44,268 visits/mo
0.4 miles
Burlington
Apparel
33,037 visits/mo
0.2 miles
Texas Roadhouse
Dining
30,063 visits/mo
0.0 miles
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- The Duke of Oil — 698 E Northwest Hwy, Mt Prospect, IL 60056
- Bruce Automotive — 422 E Northwest Hwy, Mt Prospect, IL 60056
- Mt Prospect Garage INC. — 119 S Emerson St, Mt Prospect, IL 60056
- Collegiate Detailing — 100 s edward st, mt prospect, il 60056
- Take 5 Oil Change — 801 E Rand Rd, Mt Prospect, IL 60056
Frequently Asked Questions
What type of property is this?
Auto shop - The Mount Prospect property is leased to Take 5 Oil Change under an absolute NNN ground lease.
Where is this auto shop located?
The property is located at 801 E Rand Rd Mount Prospect, IL.
What is the asking price?
The asking price for this property is $1,415,000.
What are key features of this property?
This property features: Absolute NNN ground lease; 7.00% cap rate; 801 E Rand Rd, Mount Prospect, IL
