Tommy's Express Car Wash 2101 N Gary Ave 10,000 SF Retail Building Wheaton, IL 60187 $3,899,196 CAD ($389.92 CAD/SF) 5% Cap Rate

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Tommy’s Express Car Wash investment property located in Wheaton, Illinois. The tenant, ZJF Wash One, LLC (dba Tommy’s Express Car Wash) recently signed a brand new 25 year lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
The Tommy’s Express Car Wash is located along N. Gary Avenue with direct frontage and exposure to approximately 16,100 vehicles per day. The asset is positioned just south of Geneva Road, a major east/west commercial corridor with approximately 26,900 vehicles per day, and benefits from two access points along N. Gary Avenue. The property is located within a strong retail corridor surrounded by national/credit tenants including Tim Hortons, Dunkin’, Subway, Starbucks, Goodwill, Jiffy Lube, PNC Bank, Verizon, UPS, Firestone, Wendy’s, Home Depot, Jimmy John’s, Jack in the Box, Tropical Smoothie Cafe, U.S. Bank, Jewel-Osco, Dollar Tree, Ace Hardware, and more, further increasing consumer traffic to the site. The subject property is also located near major community and demand drivers including Wheaton North High School, Wheaton College, Glenbard West High School, Glenbard East High School, and Northwestern Medicine Central DuPage Hospital, a 390-bed / 505,000 square foot regional medical facility. The 5-mile trade area is supported by a population of approximately 238,569 residents with an average household income of approximately $150,372.