- For Sale $4,094,000
- Property Type Retail - Street Retail
- Property Size 8,082 SF
- Lot Size 0.86 Acre
- Property Tenancy Single Tenant
- Year Built 2006
- Date Updated Jul 31, 2026
Description
For sale is a freestanding Mavis Tires & Brakes operating under an absolute NNN lease structure, offering investors passive income with built-in inflation
protection through CPI-based rent escalations.
The subject property is located in a growing suburb of Chicago, and is outparcel to the Shorewood Crossing shopping center, which features daily needs retailers
such as a Mariano’s grocery store, Marshalls, Orange Theory fitness, and Taco Bell.
Highlights
- Absolute NNN lease structure tenant is responsible for all maintenance, repairs, taxes, insurance, and operating expenses, providing a truly passive investment
- Average household incomes exceed $135,000 within a 3-mile radius of the subject property
- CPI-based rental increases every 5 years, capped at 12%, offering built-in inflation protection and income growth potential
- Essential service-oriented tenant in the automotive repair sector, benefiting from recurring consumer demand and limited e-commerce disruption
- Excellent accessibility to major roadways, include I-55 and regional arterial routes connecting to downtown Chicago and surrounding suburbs
- Located approximately 43 miles southwest of downtown Chicago in the affluent community of Shorewood
- Positioned within a well-trafficked commercial corridor with nearby national retailers, service users, and daily-needs businesses
- The current lease term runs through May 2031, and the tenant has three, 5-year extension options
- The existing loan can be assumed and offers a below market interest rate of 5.92% (See page 6 for details)
- The subject property, formerly a NTB, has operated as a tire store for 20 years and has an established customer base
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Contacts
Chris Kostanecki
CP Partners
Location
Contact Listing Broker
Chris Kostanecki
CP Partners
