Auto Glass Now Investment
For Sale
Contact for pricing
8717 Ogden Ave, Lyons, IL 60534
Newly renovated Auto Glass Now in Lyons, IL for sale.
Property Size2,471 SF
Price / SF$399.64
Days on Market1068
Property Features for 8717 Ogden Ave
General Information
Standard status
Active
Size
2,471 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$79,000
Building Details
Tenancy
Single
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Peter Block · License #471002226
(847) 384-2840
Source:
Crexi
Added: Nov 3, 2023
Changed: Oct 4
Last Checked: Oct 4 at 8:17AM
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 Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a single-tenant net lease property occupied by Auto Glass Now in Lyons, Illinois. The 2,471-square-foot property is located on the south side of Ogden Avenue, which sees over 24,000 vehicles daily. Neighboring businesses include Wendy’s, Burger King, Family Dollar, 7-11, Walgreen’s, and Starbucks. The property is located within 1 mile of over 18,500 people and within 3 miles of over 124,000 people. Auto Glass Now is a subsidiary of Driven Brands, a publicly traded company on the Nasdaq. The property is offered for sale.
Key Highlights
- Newly renovated Auto Glass Now location with a 100% fee interest.
- Single‑tenant net lease with an institutional credit rating.
- Tenant is Auto Glass Now, a subsidiary of Driven Brands (Nasdaq: DRVN), a publicly traded company with a $2+ billion market cap.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,298
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,960
$686.0K
Cap Rate 7%
$489,971
$490.0K
Cap Rate 9%
$381,089
$381.1K
Market Conditions
NOI Build-Up for 2,471 SF
Gross rent
$53.4K $21.60/SF
− Vacancy
−$4.4K −$1.77/SF
EGI
$49.0K $19.83/SF
− OpEx
−$14.7K −$5.95/SF
NOI
$34.3K $13.88/SF
Area
Cook 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 Rate 5%
$685,960
Cap Rate 7%
$489,971
Cap Rate 9%
$381,089
Alternative Uses
Best Use
Retail
$490.0K
$428.7K – $571.6K
NOI $34,298 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$152.0K
$133.0K – $177.3K
NOI $10,637 @ 7.0% cap · market cap 1.08%
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,719 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
80k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 21%
Hotels & Casinos 1%
Wendy's
Dining
24,360 visits/mo
0.2 miles
Starbucks
Dining
14,360 visits/mo
0.3 miles
Burger King
Dining
11,286 visits/mo
0.2 miles
Mobil
Shops & Services
9,676 visits/mo
0.0 miles
Jimmy John's
Dining
6,076 visits/mo
0.3 miles
Demographics for 60534, IL
10,749
Population
4,461
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
83%
High-School Grad
1.9 sq mi
ZIP Area
5,657
Density / Sq Mi
$63,827
Median Household Income
$41,328
Median Earnings
$1,149
Median Rent
$243,500
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Newly renovated Auto Glass Now in Lyons, IL for sale.
Where is this auto shop located?
The property is located at 8717 Ogden Ave Lyons, IL.
What is the asking price?
The asking price for this property is $987,500.
What are key features of this property?
This property features: Newly renovated Auto Glass Now location with a 100% fee interest.; Single‑tenant net lease with an institutional credit rating.; Tenant is Auto Glass Now, a subsidiary of Driven Brands (Nasdaq: DRVN), a publicly traded company with a $2+ billion market cap.
