440 South St Freeport, IL 61032

This exceptional investment opportunity presents a fee-simple ownership of a 1,692 square foot Jiffy Lube located at 440 E South St, Freeport, IL 61032. The property sits on a 0.49-acre lot and boasts a strong 7.75% cap rate, generating a net operating income (NOI) of $57,200. Built in 1990, this single-tenant, absolute NNN leased property offers a completely passive investment with zero landlord responsibilities. The corporate-guaranteed lease with Jiffy Lube has a remaining term of 8.8 years, extending to August 30, 2033, with two 5-year lease options, each including a 10% rent increase. The current lease commenced August 3, 2018, and includes 10% rent bumps every five years, ensuring consistent income growth. The asking price is $738,065, translating to a price per square foot of $436.21. This prime location enjoys high visibility along E South St, serving a healthy demographic with over 25,000 residents within a 5-mile radius. The property's 100% occupancy and long-term lease provide exceptional stability and return on investment. This is a rare opportunity to acquire a well-established, low-maintenance, high-performing asset in a desirable location.