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    8717 Ogden Ave Lyons, IL 60534

    Sponsored
    For Sale
    $987,500

    High-yield auto shop, strong tenant.

    Property size:
    2,471 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,471-square-foot, newly renovated Auto Glass Now! auto shop in Lyons, Illinois. Located on Ogden Avenue, a high-traffic thoroughfare with over 24,000 vehicles per day, this property benefits from its strategic position near major national brands such as Wendy's, Burger King, Family Dollar, 7-Eleven, Walgreens, and Starbucks. The property sits on a 0.37-acre lot and enjoys 100% occupancy under a Net Lease agreement with a corporate guarantee. The current lease with Auto Glass Now!, a subsidiary of the publicly traded Driven Brands, expires January 31, 2029, offering a remaining term of approximately 4.2 years. The lease includes a 10% rent increase every five years, providing built-in growth potential. The asking price is $987,500, representing an 8.00% cap rate and a price per square foot of $399.64. The property generates a Net Operating Income (NOI) of $79,000. Lease options for 3 or 5-year extensions are available. This is a compelling investment opportunity due to its strong tenant, high-traffic location, and attractive financial metrics. The property's proximity to a densely populated residential area further enhances its long-term value. This single-tenant net lease investment offers a stable and predictable income stream with significant upside potential.

    Property Features for 8717 Ogden Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    2,471 SF
    Lot Size
    16,117 SF

    HighLights

    • $987,500 asking price for a 2,471 SF Auto Glass Now! retail property in Lyons, IL.
    • Net lease investment with an 8.00% cap rate and $79,000 NOI.
    • 100% occupancy with a remaining lease term of 4.2 years expiring 01/31/2029.
    • Located on Ogden Ave with 24,000+ vehicles per day, near major retailers like Wendy's, Burger King, and Walgreens.
    • Features a corporate guarantee from Driven Brands, a publicly traded company.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Glass Now Auto Glass Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyons
    County
    Cook
    State
    Illinois
    Longitude
    -87.838931926352
    Latitude
    41.8163712853

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    FAQs

    What type of property is this?
    Automotive property - High-yield auto shop, strong tenant.
    Where is this automotive property 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: $987,500 asking price for a 2,471 SF Auto Glass Now! retail property in Lyons, IL.; Net lease investment with an 8.00% cap rate and $79,000 NOI.; 100% occupancy with a remaining lease term of 4.2 years expiring 01/31/2029.
    (847) 384-2840
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    8717 Ogden Ave Lyons, IL 60534
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    Lyons, IL 60534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8717 Ogden Ave Lyons, IL 60534
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