Grease Monkey Auto
For Sale
Contact for pricing
835 E Geneva Rd, Carol Stream, IL 60188
A 3,600-square-foot lube center operates under an absolute NNN lease with corporate backing.
Property Size3,600 SF
Price / SF$276.39
Days on Market231
Property Features for 835 E Geneva Rd
General Information
Standard status
Active
Size
3,600 SF
Property subtype
RETAIL
Site & Location
Traffic Count
24,000 vehicles/day
Road Access
Yes
Listing Agency:
The Boulder Group - Corporate
(720) 604-2256
Listed By:
Brandon Wright · License #IL 475164965
Source:
Moodyscre
Added: Jan 12
Changed: Aug 30
Last Checked: Aug 30 at 10:18PM
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 The Boulder Group - Corporate
Investment Insights
Based on property information with market context.
This 3,600-square-foot automotive property at 835 E Geneva Rd in Carol Stream, Illinois, operates as a Grease Monkey lube center with Multicare services. The location is supported by a corporate guaranty from Grease Monkey International, Inc., and the lease is structured as absolute NNN with no landlord responsibilities. Each option includes 10% rental increases.
The property sits along East Geneva Rd, which carries 24K+ VPD, in a densely populated area with more than 257,000 residents within 5 miles. It is approximately 20 miles southwest of Chicago O’Hare International Airport, which reports 80 million annual passengers. Grease Monkey operates more than 500 locations nationwide, and the property is within the Chicago MSA.
The property sits along East Geneva Rd, which carries 24K+ VPD, in a densely populated area with more than 257,000 residents within 5 miles. It is approximately 20 miles southwest of Chicago O’Hare International Airport, which reports 80 million annual passengers. Grease Monkey operates more than 500 locations nationwide, and the property is within the Chicago MSA.
Key Highlights
- 3,600‑square‑foot automotive property at 835 E Geneva Rd, Carol Stream, IL 60188
- Absolute NNN lease with zero landlord responsibilities
- Corporate guaranty from Grease Monkey International, Inc.
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
$49,969
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
5.02%
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%
$999,380
$999.4K
Cap Rate 7%
$713,843
$713.8K
Cap Rate 9%
$555,211
$555.2K
Market Conditions
NOI Build-Up for 3,600 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
$77.8K $21.60/SF
− Vacancy
−$6.4K −$1.77/SF
EGI
$71.4K $19.83/SF
− OpEx
−$21.4K −$5.95/SF
NOI
$50.0K $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%
$999,380
Cap Rate 7%
$713,843
Cap Rate 9%
$555,211
Alternative Uses
Best Use
Retail
$713.8K
$624.6K – $832.8K
NOI $49,969 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$221.4K
$193.7K – $258.3K
NOI $15,497 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,004 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
11,898 visits/mo
0.5 miles
Grease Monkey
Shops & Services
1,033 visits/mo
0.0 miles
Demographics for 60188, IL
43,053
Population
15,710
Households
2.7
Avg Household Size
39
Median Age
44%
College-Educated
90%
High-School Grad
10.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$107,560
Median Household Income
$47,343
Median Earnings
$1,465
Median Rent
$311,600
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - A 3,600-square-foot lube center operates under an absolute NNN lease with corporate backing.
Where is this auto shop located?
The property is located at 835 E Geneva Rd Carol Stream, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,600‑square‑foot automotive property at 835 E Geneva Rd, Carol Stream, IL 60188; Absolute NNN lease with zero landlord responsibilities; Corporate guaranty from Grease Monkey International, Inc.
