8559 Pyott Rd, Lake in the Hills, IL 60156
- Retail properties & Spaces
- 7,830 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 8559 Pyott Rd
- Year built
- 1965
- Lot size
- 1.10 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,830 square foot auto shop in Lake in the Hills, IL, leased to Crash Champions, a national leader in collision repair with over 600 locations. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $111,600. Situated on a 1.1-acre lot, the building, constructed in 1965 and renovated in 1996 and 2001, is currently operating at 100% occupancy under a net lease agreement with a corporate guarantee. The lease, expiring November 30, 2033, has a remaining term of nine years with three, five-year renewal options, each including a 10% rent increase. Landlord responsibilities are limited to roof and structure maintenance. This investment benefits from a recession-resistant industry, a robust lease structure, and the financial strength of a nationally recognized tenant. The property's location within a densely populated area (over 146,000 people within a 5-mile radius) further enhances its appeal. The asking price is $1,488,000, translating to $190.04 per square foot. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a growing market.
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Location Insight
- Map
- Local Demand
- City
- Lake in the Hills
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3161
- Latitude
- 42.2049
