8717 Ogden Ave Lyons, IL 60534

Property Details for 8717 Ogden Ave

Year built

1995

Lot size

0.09 lot acres

Property type

Commercial real estate

APN

18-02-110-001

APU

1802110001

Description

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.

Location Insight

City

Lyons

County

Cook

State

Illinois

Longitude

-87.8389

Latitude

41.8161

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments