Jiffy Lube

2551 Western Avenue - Park Forest IL 60466

LTV (Loan to Value)	65.00%	Current NOI	$73,026.00
Interest Rate	4.250%	Capital Rate	9.500%
Fixed Term	10 Years	Land Area	+/- 0.53 Acres
Amortization	25 Years	Lease Type	Absolute NNN
Loan Amount	$499,651.75	Property Type	Retail
Payment	$2,706.80	Property Lease	Automotive
Bulding Size	0 SF	Remaining Terms	Four (4) Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Jiffy Lube property located at 2551 Western Avenue in Park Forest, Illinois (the “Property”). The Property is located on a well trafficked thoroughfare. Park Forest is a southern suburb in the Chicago MSA in the general proximity of Olympia Fields, Chicago Heights and Matteson.

Highlights

Largest Jiffy Lube Operator In United States – Heartland Automotive operates 540 service centers in 15 major markets across 20…

Property Description

The subject Property is located on the east side of Western Avenue, with access from both directions and traffic of approximately 23,142 vehicles per day past the site. The Property is equidistant from Interstate-57 and the Bishop Ford Freeway which connect the south Cook County suburbs to downtown Chicago. The Property is situated 25 miles south of Chicago's CBD or “Loop”. The Property benefits from favorable demographics with a population in excess of 83,000 within a 3-mile radius and a household income of over $58,000.