Jiffy Lube
5601 N Ashland Chicago, IL 60660
Chicago, Illinois
Property Details
Available
Lease Term
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Lease Structure
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Investment Details
Highlights
- E-Commerce and Recession Proof Investment
- Absolute Triple-Net (NNN) Ground Lease – Attractive Hands-Free Investment w/ No Landlord Responsibilities
- Attractive Building Layout – High Quality 3-Bay Freestanding ±2,394 SF Location on 0.14 Acres
- Phenomenal Escalation Structure – Annual Increases Offer Investors a Strong Hedge Against Inflation – Lease Provides a 75% of CPI Increase from preceding year, or 2% annually, whichever is higher
- Direct Frontage to over ±25,000 VPD on N Ashland Ave & W Bryn Mawr Ave. Property Sits Adjacent to N Clark St, which adds an additional daily traffic count of over 10,660 vehicles per day
asking price
$1,540,694
cap rate
5.75%
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