239 W 162nd St

Lagestee Mulder Commercial is pleased to offer investors an opportunity to acquire the single tenant, net leased, auto center at 239 W 162nd Street, in South Holland, IL. The well-located property is situated on the south side of 162d St. (Rte. 6) and is within 10 minutes (2.9 miles) from both Interstate 94 to the east and Interstate 294 (2.8 miles) to the west. Daily traffic counts along 162nd Street range from 23,000 to 31,000 vehicles per day and consist of commuters and customers of the numerous businesses along this busy commercial corridor.
The building sits on a 0.46-acre lot, contains ± 6,500 square feet of leasable area and is currently 100% occupied with a single, long-tenured tenant. The facility features 8 operational car bays along with a dedicated office and waiting area. Recent enhancements include a new 60-mil TPO roof installed in 2024 with a 20-year warranty and a new furnace with a 10-year warranty.
The building’s existing tenant recently signed a new triple net lease for 7 years in the primary term with two 5-year option periods. The rental rate steps up 6.6% in the fourth lease year and 3.7% in the sixth lease year. During the option periods rents increase 2% annually, creating inflation protection for years to come.
Nearby retailers include Dunkin Donuts, Wendy’s, Browns Chicken, and Pizza Hut as well as Advocate Health Care and UChicago Medicine. This is a great opportunity to purchase a long-term, absolute net leased auto center in the Chicago MSA with limited landlord responsibilities.