3050 New York St Aurora, IL 60502-9204
- Auto shops
- 5,940 SF
- 1.73 lot acres
Current Use by Public Records
- Christian Brothers Automotive Aurora / Auto Repair Shop
Property Details for 3050 New York St
- Year built
- 2021
- Lot size
- 1.73 lot acres
- Property size
- 5,940 SF
- Zone code
- C
- Property type
- Auto shops
- APN
- 07-20-315-003
- APU
- 720315003
Description
This exceptional investment opportunity presents a 5,810 square foot, single-tenant retail property occupied by a Christian Brothers Automotive franchise. Located at 3050 E New York St in Aurora, Illinois (DuPage County, zip code 60502), this property boasts a 15-year absolute NNN lease with annual rent escalations starting in year six (1.5%). The lease offers significant long-term stability, with options extending the term up to 65 years. Built in 2021, the property sits on a 1.73-acre lot and enjoys a prime location on E New York St, a high-traffic thoroughfare with over 40,000 vehicles daily. The strong corporate guarantee from Christian Brothers Automotive, a rapidly expanding national brand with over 250 locations, minimizes risk. The property's Net Operating Income (NOI) is $238,728, resulting in a 6.25% cap rate. The asking price is $3,820,000 ($657.49/sq ft). The surrounding area features a dense population (over 245,000 within a 5-mile radius) with high average household incomes exceeding $130,000. Nearby retailers include The Fox Valley Mall, Mariano's, Starbucks, and numerous national chains, ensuring high visibility and strong consumer traffic. This is a rare opportunity to acquire a stable, high-performing investment property with significant long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,995,000
- 6.5%
- $3,130,000
- 7%
- $3,085,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,245,000
- Geo Method
- $2,650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,150,000
- Retail
- $3,185,000
- Mixed-Use
- $3,285,000
- Hospitality
- $3,075,000
- Educational
- $3,105,000
- Residential Income
- $3,250,000
- Energy
- $3,455,000
- Income-Based Land
- $3,260,000
- Food Service
- $2,895,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Dupage
- State
- Illinois
- Longitude
- -88.2403
- Latitude
- 41.7602
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
