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1002 Brook Forest Ave
Shorewood, IL 60404

$4,094,000 USD

Freestanding For Sale  •  7,964 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,082 SF
  • Lot Size 0.86 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
50 Walk Score

Highlights

Absolute NNN lease structure – tenant is responsible for all maintenance, repairs, taxes, insurance, & operating expenses, a truly passive investment
CPI-based rental increases every 5 years, capped at 12%, offering built-in inflation protection and income growth potential
The subject property, formerly a NTB, has operated as a tire store for ~20 years and has an established customer base
The current lease term runs through May 2031, and the tenant has three, 5-year extension options
Essential service-oriented tenant in the automotive repair sector, benefiting from recurring consumer demand and limited e-commerce disruption

Property Flyers

Cap Rate: 7.25 %

Public Transportation

Commuter RailDriveWalkDistance
Joliet (Heritage Corridor - Metra, Rock Island - Metra) 16 min - 7.4 mi
Joliet Gateway Center (Lincoln Service - Amtrak, Lincoln Service Missouri River Runner - Amtrak, Texas Eagle - Amtrak) 16 min - 7.4 mi
AirportDriveWalkDistance
Chicago Midway International 47 min - 34.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 29
Type: Surface
Included in Rent: Yes
Ben Udell 847-345-2827 CPP CRE ILLINOIS, LLC
Ben Udell 847-345-2827 CPP CRE ILLINOIS, LLC