Jiffy Lube

14007 South Cicero Avenue, Crestwood, IL 60445

$1,577,480

Cap Rate 6.75%

Views: 61 DOM: 170 Updated: 05.14.24 Posted: 11.29.23 Status: Active

Summary

Price $1,577,480	Built/Renov 1992	Tenant Jiffy Lube
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,188	Lease Start 04-01-2023	#Units 550
Price/SF $720.97	Expiration 03-31-2033	Tenant Type Automotive
NOI $106,480	R. Term 8.10	Ownership Fee Simple
Rent/SF $48.67	Increases 10.0%/5/yrs	Pop 5Mi 263,206
Lot/AC 0.32	Options 1/10yrs/10%	AHHI 5Mi $94,369

Lease Highlights

Jiffy Lube has been operating in this location for over 20 years
Tenant has 9+ years remaining on the current lease term with 1 (10-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Team Car Care the largest quick lube franchisee in the country

Location Description

This Jiffy Lube property is strategically located on Cicero Avenue where traffic counts average 40,000+ vehicles per day. Additionally, it is located a mile away from Interstate 294 which sees 114,400+ vehicles passing by daily. Nearby national retailers include McDonald’s, Taco Bell, Menards, Walmart, Target, Chick-Fil-A, and many more, promoting strong crossover traffic to the site. The...

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Key Features

Build to suit
In location for years
Dense retail corridor
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Traded and rated company
Top franchise operator

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Links

Jiffy Lube Wikipedia Jiffy Lube Wikipedia Crestwood, Illinois Zip Code 60445 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jiffy Lube
Guarantor:Franchisee
Company:Team Car Care
# Units:550
Tenant S&P: AA-
Moody’s: Aa2
Stock: NYSE: SHEL

About Tenant

Jiffy Lube International, Inc., dba Jiffy Lube, is an automotive service chain offering oil changes and various other services. Besides oil changes, Jiffy Lube facilities offer a wide range of...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,506	80,896	257,929
2023 Total Population :	10,778	82,390	263,206
2023 Employed Civilian Pop :	5,460	40,036	127,387
2023 Total Businesses :	560	2,687	7,615
2023 Average Household Income :	$ 78,494	$ 86,813	$ 94,369
2023 Total Consumer Spending :	$ 318 M	$ 2380 M	$ 8217 M
2023 Median Age :	43	40	40
2023 Total Households :	4,706	31,895	101,497
2023 Pop Age 25+: Bachelor's Degree :	1,341	10,352	35,668
2023 Average Home Value :	$ 222,464	$ 234,977	$ 255,137

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Midlothian Turnpike	I- 294	2022	14,300	0.09 mi
West Midlothian Turnpike	Long Ave	2022	14,300	0.18 mi
Midlothian Tpke	Dori Ln	2014	16,000	0.19 mi
IL 50; IL 83	137th St	2021	40,200	0.35 mi
Midlothian Tpke	Kostner Ave	2014	12,000	0.38 mi
IL 50; IL 83		2021	29,300	0.41 mi
Cicero Ave	143rd Pl	2013	34,000	0.45 mi
Kostner Ave	143rd St	2014	1,300	0.59 mi
144th St	Kilbourn Ave	2014	725	0.62 mi
Kostner Avenue	141st Pl	2022	3,900	0.62 mi

Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

32 Listings
1552 Views
7 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

32 Listings
1552 Views
7 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

32 Listings
1552 Views
7 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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