Aurora, IL - Take 5 Oil Change
$1,539,000
2957 Kirk Rd, Aurora, IL 60502
5.85
Cap Rate
90,000
NOI
Details:
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 Aurora, 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 Kirk Road, a primary north–south retail and commuter corridor serving the western Chicago suburbs, with exposure to approximately 33,700 vehicles per day. The property also benefits from close proximity to Butterfield Road / State Highway 56 (22,600 VPD), providing strong east–west connectivity and convenient access throughout the Aurora and Naperville submarkets. The subject property is positioned within a highly active retail corridor surrounded by a strong mix of national and credit tenants including Walmart Supercenter, Popeyes, Panda Express, Chipotle, Panera Bread, Dunkin’, Taco Bell, McDonald’s, Aldi, Walgreens, Anytime Fitness, PetSmart, Target, Michaels, Dollar Tree, and numerous automotive, restaurant, and service-oriented users. This concentration of retail and daily-needs tenants further enhances consumer traffic and visibility at 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 markets in the country. The five-mile trade area is supported by approximately 178,000 residents, with average household incomes exceeding $129,000, providing a strong demographic base for automotive service demand and long-term tenant performance.
Location
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