Palos Heights, IL - Take 5 Oil Change

Description:

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Palos Heights, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Take 5 Oil Change is located along S. Harlem Avenue / State Highway 43, a major north–south retail and commuter corridor serving Palos Heights and the surrounding southwest Chicago suburbs, with exposure to approximately 34,900 vehicles per day. The property also benefits from close proximity to Interstate 294 (75,100 VPD), providing excellent regional connectivity throughout the Chicago metropolitan area. The subject property is positioned within a dense and established retail corridor surrounded by a strong mix of national and credit tenants including Jewel-Osco, Target, Kohl’s, Burlington, Ross Dress for Less, PetSmart, AMC Theatres, Five Below, Walmart Supercenter, Menards, Aldi, Dunkin’, Taco Bell, Popeyes, McDonald’s, Walgreens, and other daily-needs and service-oriented retailers. This concentration of retail uses drives consistent consumer traffic to the site. Additionally, the property benefits from its infill location within the Chicago–Naperville–Elgin MSA, one of the largest and most economically diverse metropolitan areas in the country. The five-mile trade area is supported by approximately 237,000 residents, with average household incomes exceeding $113,000, providing a strong demographic base for automotive service demand and long-term tenant performance.

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