Maaco (Sale Leaseback)

  • $1.2M
19560 Burnham Avenue, Lynwood, IL 60411, USA

Maaco (Sale Leaseback)

19560 Burnham Avenue, Lynwood, IL 60411, USA
  • $1.2M

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Title Property Type Price Beds Baths Property Size Availability Date
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Description

Marketing Description
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Maaco property located within the Chicago MSA in Lynwood, Illinois. There are over 70,000 people living within three miles of the property and have an average household income of $84,117. This site has had a long and successful operating history at this location for over 25 years.
The 6,761 square foot building is well located near other retailers such as Walgreens, Jewel-Osco and PNC bank. The property is also adjacent to the Lansing Municipal Airport and near manufacturing and distribution centers including Whole Foods, FedEx and Pepsi. Additionally, the Maaco property is near Thornton Fractional South (2,314 students), Heritage Middle School Nathan Hale Elementary School, Lansing Country Club, Frank Hammond Elementary School, Wilbur Wright Middle School and Munster High School (1,522 students) which drives additional traffic near the property. The Community Hospital (458 beds) is also located nearby.

Investment Highlights
Located within the Chicago MSA
Over 70,000 people living within three miles of the property and have an average household income $84,117
New 20 year sale-leaseback
Service-based tenant protected from e-commerce
Absolute NNN with zero landlord responsibilities
10% rental escalations every 5 years
Adjacent to the Lansing Municipal Airport and near manufacturing and distribution centers including Whole Foods, FedEx and Pepsi
Located near two large high schools, Thornton Fractional South (2,314 students) and Munster High School (1,522 students), and The Community Hospital (458 beds) which drives additional traffic to the property

Details

Updated on July 20, 2019 at 9:52 am
  • Property ID: 17304
  • Price: $1.2M
  • Property Size: 6761 sqft
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 177.49
  • Tenancy: Single
  • Cap Rate: 8.00%
  • Net Operating Income: 96,000
  • Investment Type: Sale/Leaseback

Additional details

  • Lease Type: Absolute NNN
  • Units: 1
  • Address 19560 Burnham Avenue, Lynwood, IL 60411, USA
  • City Lynwood
  • State/county Illinois
  • Zip/Postal Code 60411

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Contact Information

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Randy Blankstein
  • Randy Blankstein
  • 847-881-6388

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Randy Blankstein
  • Randy Blankstein