Elwood NNN Properties For Sale

More details for 24361 W Eames St, Channahon, IL - Retail for Sale

Valvoline - 24361 W Eames St

Channahon, IL 60410

NNN Property
Retail for Sale
$2,268,843 CAD
1,067 SF

Channahon Retail for Sale - Joliet/Central Will

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute, franchisee guaranteed, Valvoline investment property located in Channahon, Illinois (Chicago MSA). The tenant, A.D. Kenwood Company, has 19 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases during the first five years of the term, followed by 10% rental increases every 5 years throughout the remainder of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The tenant, A.D. Kenwood Company, is a top-performing Valvoline Instant Oil Change franchisee with exclusive development rights across the south Chicago suburbs and northwest Indiana, operating seven locations with additional sites in the pipeline. Additionally, qualifying oil change equipment and site improvements are eligible for 100% bonus depreciation, allowing investors to accelerate deductions and maximize tax benefits.

Contact:

SRS National Net Lease

Property Subtype:

Freestanding

Date on Market:

2025-11-21

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NNN Property for Sale within 10 kilometers of Elwood, IL, USA

Channahon Retail for Sale - Joliet/Central Will

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