Skokie (Chicago MSA), IL Just Tires - Goodyear Tire & Rubber Co. 3540 West Touhy Avenue, Skokie, IL Skokie (Skokie, Illinois, US ) Built

$5,865,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 6,258 sq. ft.
  • Development Level: Built
  • Lot Size: 0.64 acres
  • Year Built: 2015

Description

Skokie (Chicago MSA), IL Just Tires - Goodyear Tire & Rubber Co. 3540 West Touhy Avenue, Skokie, IL

Cap Rate: 5.85%
NOI: $343,200
Building Size: 6,258 sqft
Lot Area: 0.64 acres
Year Built: 2015

Price: $5,865,000 USD

DESCRIPTION
Goodyear Tire & Rubber Co. Lease | 10 Years Remaining | Scheduled Rental Increases | Options to Extend
• The tenant, Goodyear Tire & Rubber Company, doing business as Just Tires, is an American multinational publicly traded tire manufacturing company
(NASDAQ: GT)
• Approximately 10 years remaining on the initial term of the lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
• 10% rent increases scheduled in February 2021 and February 2026
NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintain majority of the premises
• Well-maintained, built-to-suit prototype recently constructed in 2015
• Investor benefits from fee-simple ownership of the building and land
• Ideal management-free investment for a passive investor

Touhy Marketplace | Walmart Supercenter Outparcel | Primary Retail Corridor | Excellent Visibility & Access
• Just Tires is strategically located at the signalized, hard corner intersection of W Touhy Avenue and St. Louis Avenue, averaging roughly 43,100 vehicles passing by daily
• The subject property positioned as an outparcel to Touhy Marketplace, which is anchored by Walmart Supercenter and includes other nation/credit tenants such as Jollibee, PNC Bank, Wendy’s, Mattress Firm, T-Mobile and more
• Across the street from Lincolnwood Town Center, a 421,000 SF shopping mall with over 83 stores and services
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
Extremely Strong Demographics in 5-mile trade area
• More than 751,000 residents and 287,000 employees support the trade area
• Features an average household income of $100,603
• Strong Chicago suburb, located 15 miles from downtown and 12 miles from O’Hare International Airport

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.