660 Ogden Ave
Downers Grove, IL 60515
Diehl Auto Repair · Commerce de détail Propriété À vendre

This offering features a 15-year absolute NNN lease commencing at closing, providing zero landlord responsibilities throughout the term. The lease includes structured 2.00% annual rent increases, delivering consistent income growth and a hedge against inflation. The tenant operates a profitable auto repair business with approximately 3.0x EBITDAR-to-rent coverage, offering strong unit-level economics and room for continued growth. Strategically located along Ogden Avenue, the property benefits from exposure to approximately 30,000 vehicles per day and sits within a dominant retail corridor extending from the City of Chicago through the western suburbs, surrounded by national retailers including Hobby Lobby, Trader Joe’s, Fresh Thyme Market, McDonald’s, Panera, and Aldi. The asset is positioned in Downers Grove, an affluent Chicago MSA suburb with a population of 86,000 and an average household income of $155,000 within a three-mile radius.