8717 Ogden Ave
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8717 Ogden Ave
2,471 SF Retail Building Lyons, IL 60534 £775,179 (£314/SF) 8% Net Initial Yield
Investment Highlights
- Located just off heavily traveled I-171.
- Property is proximate to national tenants Wendy’s, Burger King, Family Dollar, 7-11, Walgreen’s, Starbucks, and more.
- Corporate guarantee.
- Populated residential area with 24,000+ VPD on Ogden Ave.
- New leases term.
- Newly renovated.
Executive Summary
Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a 100% fee interest in a newly renovated Auto Glass Now location in Lyons, IL. This is a chance to acquire an institutional credit-rated single tenant net lease just miles from downtown Chicago. Auto Glass Now is a subsidiary of Driven Brands, the leading provider of services to the automobile industry.
“Driven brands is a publicly traded $2+ billion market cap company listed on the Nasdaq, Ticker symbol DRVN”
This 2,471-square-foot property is located on the South side of busy Ogden Avenue. Immediately proximate neighbors include Wendy’s, Burger King, Family Dollar, 7-11, Walgreen’s, Starbucks, and more.
Ogden Avenue brings 24,000+ people by the property daily. There are over 18,500 people within 1 mile and 124,000+ people within 3 miles of the store.
The single-tenant building is offered at $987,500 corresponding to a 8.00% cap rate.
“Driven brands is a publicly traded $2+ billion market cap company listed on the Nasdaq, Ticker symbol DRVN”
This 2,471-square-foot property is located on the South side of busy Ogden Avenue. Immediately proximate neighbors include Wendy’s, Burger King, Family Dollar, 7-11, Walgreen’s, Starbucks, and more.
Ogden Avenue brings 24,000+ people by the property daily. There are over 18,500 people within 1 mile and 124,000+ people within 3 miles of the store.
The single-tenant building is offered at $987,500 corresponding to a 8.00% cap rate.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,471 SF
Building Class
C
Year Built
1996
Price
£775,179
Price Per SF
£314
Net Initial Yield
8%
NOI
£62,014
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Land Acres
0.37 AC
Zoning
B-1, Lyons - Retail business district
Parking
11 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Monument Signage
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £26,906 | |
| Land Assessment | £19,075 | Total Assessment | £45,982 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£19,075
Improvements Assessment
£26,906
Total Assessment
£45,982
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8717 Ogden Ave
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