Grease Monkey | Corporate Lease | 10% Rent Increases

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant net leased Grease Monkey in Mundelein, IL. Grease Monkey Oil Change & More operates over 500 locations and has received awards and recognition from Entrepreneur, Franchise Times and Inc. 5,000. The corporate net lease has 10.8 lease years remaining in the primary term with three 5-year option periods, limited landlord responsibilities (roof & structure) and 10% rent increases every 5 years creating long term inflation resistant income.

The 1,794 SF automotive repair building on 0.64-acre parcel is strategically located on the hard corner signalized intersection of W Maple Avenue (Route 176) & N Midlothian Road which has a combined traffic count exceeding 24,900 VPD. The subject property is opposite the Jewel-Osco anchored Long Meadow Commons Shopping Center and is 1.5 miles from Mundelein Crossing Power Center which is anchored by Target and The Home Depot. Other nearby retailers include Dollar Tree, HomeGoods, T.J. Maxx, Walgreens, CVS Pharmacy, Starbucks and Taco Bell.

This is an excellent opportunity to purchase a net-leased automotive repair shop in the Chicago MSA (population exceeding 9.2 million) with a long-term lease, strong rent increases and limited landlord duties, providing consistent cash flows for years to come.

Available