9608 Grand Ave Franklin Park, IL 60131-3307

Property Details for 9608 Grand Ave

Year built

1986

Lot size

0.07 lot acres

Property type

Commercial real estate

APN

12-28-233-050

APU

1228233050

Description

This exceptional investment opportunity presents a fee-simple ownership interest in a 3,774 square foot auto glass repair shop located at 9608 West Grand Avenue, Franklin Park, Illinois. The property sits on a 0.23-acre lot in a high-traffic area, at the signalized intersection of Grand Avenue (22,000+ vehicles per day) and 25th Avenue (16,000+ vehicles per day), offering excellent visibility and accessibility. Built in 1980 and renovated in 2023, this single-story building is currently 100% occupied by Auto Glass Now, a subsidiary of Driven Brands, Inc. (NASDAQ: DRVN), a major player in the automotive services industry. The property benefits from a strong corporate guarantee, minimizing landlord responsibilities under a Net Lease (NNN) agreement. The current lease, commenced February 25, 2024, has a remaining term of approximately 4.3 years, with three 5-year lease options, including a 10% rent increase in each option period. The property boasts a strong NOI of $69,370, resulting in an 8.60% cap rate and a price per square foot of $213.73. The asking price is $806,628. Located in the Cook County, Illinois, within the third largest metropolitan statistical area in the nation, this property offers a compelling investment opportunity in a resilient, internet-resistant industry, with convenient access to O'Hare International Airport. The C-2-1 zoning ensures flexibility for future use. This is a rare chance to acquire a well-positioned, high-performing asset with a secure, long-term tenant.