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3806 Broadway St Mount Vernon, IL 62864

Sponsored
For Sale
$2,000,000

1,627 SF Jiffy Lube-type NNN Lease

Property size:
1,627 SF

Description

Added:
Dec 11, 2024
Days on Market:
395
Exceptional investment opportunity: a 1,627 square foot, Class B auto shop in Mount Vernon, Illinois, currently operating as a Jiffy Lube-type franchise. This property boasts a new, 15-year absolute NNN sale-leaseback agreement with a rapidly expanding franchisee, offering a passive investment with zero landlord responsibilities. The tenant, with 16 existing locations and 5 more under development, has a 44-unit development agreement. The property enjoys a prime location on Broadway Street (approx. 22,530 vehicles per day), directly across from a major shopping center anchored by Ross, Hobby Lobby, and Dunham's Sports, and near other national retailers, hospitals, and major roadways (I-57). The lease features a 6.25% cap rate, $125,000 annual NOI, and 7.5% rent bumps every five years throughout the initial term and eight, five-year options. The 0.75-acre lot houses a single building constructed in 2022, currently at 100% occupancy. This presents a secure, low-maintenance investment with significant long-term growth potential in a strong retail corridor. The tenant's impressive growth trajectory, coupled with the favorable lease terms and strategic location, makes this a compelling opportunity for discerning investors.

Property Features for 3806 Broadway St

General Information

Property type
Automotive properties
Square Feet
1,627 SF
Class
B
Lot Size
32,670 SF

Building Details

Year Built
2022
Buildings
1
Units
1

HighLights

  • New 15‑year sale‑leaseback with a rapidly growing Take 5 Oil Change franchisee.
  • Passive investment; absolute NNN lease; zero landlord responsibilities.
  • Strong guarantor; rapidly growing tenant with 16 operating locations, 5 under development, and a 44‑unit development agreement.
  • Excellent access and visibility on Broadway Street (22,530 VPD), near major retailers and hospitals.
  • High‑traffic location across from a major shopping center anchored by Ross, Hobby Lobby, and Dunham's Sports.
  • Proximity to Crossroads Community Hospital (47‑bed acute care).
Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mount Vernon
County
Jefferson
State
Illinois
Longitude
-88.9378323
Latitude
38.3147882

FAQs

What type of property is this?
Automotive property - 1,627 SF Jiffy Lube-type NNN Lease
Where is this automotive property located?
The property is located at 3806 Broadway St Mount Vernon, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: New 15-year sale-leaseback with a rapidly growing Take 5 Oil Change franchisee.; Passive investment; absolute NNN lease; zero landlord responsibilities.; Strong guarantor; rapidly growing tenant with 16 operating locations, 5 under development, and a 44-unit development agreement.
More about this property
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