Take 5 Oil Change | Brand New Construction | Infill… — Sale in Norridge, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Norridge, IL 60706
Photos
Investment Figures
- Cap rate
- 6.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
This brand new construction Take 5 Oil Change is backed by a 15-year ground lease scheduled to commence at the close of escrow. The lease features 1.5% annual rent increases and three, 5-year renewal options, providing stable, long-term cash flow with zero landlord responsibilities. The asset is strategically positioned along N Harlem Avenue (24,800 VPD), just 1.3 miles from I-90 (187,700 VPD) and six miles from O’Hare International Airport, offering exceptional accessibility and visibility. The property is surrounded by top-performing retail destinations including Harlem Irving Plaza, Norridge Commons, and Harwood Commons, collectively drawing millions of annual visitors and featuring national tenants such as Target, Best Buy, ALDI, Nordstrom Rack, Kohl’s and Burlington. The densely populated trade area includes over 27,000 residents and 26,000 employees within a one-mile radius, supported by an affluent demographic with average household income exceeding $113,000. Investment Highlights: • Take 5 Oil Change with a 15-year ground lease | Brand new construction • Franchisee guaranty from Welms Group Holdings, LLC, a multi-unit Take 5 franchisee operating 8 locations in Illinois • Frontage along N Harlem Avenue, which sees 24,800 vehicles per day • 1.3 miles from on/off ramp of Interstate 90, which sees 187,700 vehicles per day • Surrounded by top ranked shopping centers, new retail developments, schools, and a country club • 27,709 residents and 26,407 employees within a mile-radius • 0.3 miles from Norridge Commons, which ranks in the top 5% of shopping centers nationwide by visits and attracts 4.9 million annual visitors (Placer.ai)
Market Context
This retail in Norridge, IL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Norridge, IL — view the full market.
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Ben Shapiro · (630) 570-2283 · ben.shapiro@marcusmillichap.com
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Dean Giannakopoulos · (312) 327-5423 · dean.giannakopoulos@marcusmillichap.com
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