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 Market1022
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
(847) 384-2840
Listed By:
Peter Block · License #471002226
Source:
Crexi
Added: Nov 3, 2023
Changed: Aug 17
Last Checked: Aug 19 at 7:41PM
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 = 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
$34,298
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
3.47%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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.
