Valvoline Instant Oil Change

2615 Sycamore Road | DeKalb, IL 60115 - 2615 Sycamore Road | DeKalb, IL 60115

LTV (Loan to Value)	65.00%	Current NOI	$70,833.00
Interest Rate	4.250%	Capital Rate	7.250%
Fixed Term	10 Years	Land Area	+/- 0.94 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$635,050.00	Property Type	Retail
Payment	$3,440.31	Property Lease	Automotive
Bulding Size	0 SF	Remaining Terms	+/- 18 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a Valvoline Instant Oil Change (VIOC) located in DeKalb Illinois (Chicago MSA Population: 9,552,434). DeKalb is the largest city and county seat of the County of DeKalb. The property is 100% leased to VIOC with over Eighteen (18) years remaining on the absolute NNN base lease term. The property features Four (4), Five (5) year renewal options at fair market value. The subject property is strategically located along Sycamore Road, a major retail corridor with many nearby national retailers including Lowe's, Wal-Mart Supercenter, Aldi, and Kohl's. As the western anchor of the thriving I-88 Corridor, DeKalb is home to over 45,000 people. The city is located 63 miles west of Chicago and is home to the 21,000 student Northern Illinois University (NIU), less than three miles from the property. The city prides itself on being a "communiversity" providing a unique environment for its residents and visitors. In addition to NIU, DeKalb has become a major center for warehousing and distribution operations, retailing, health care and professional services. The City of DeKalb and surrounding trade area continues to expand as more and more people look for affordable housing in non-congested Chicago suburbs. The City has celebrated recent success with the completion of a new $102 million dollar, state of the art hospital, approval of a $110 million dollar school referendum, and major improvements at the DeKalb Taylor Municipal Airport. Valvoline Instant Oil Change, based in Lexington, Kentucky, is a business unit of Valvoline, a commercial unit of Ashland Inc. (NYSE: ASH). The company currently has more than 900 centers in the U.S. with 639 franchised and 270 company-owned locations making it the second largest operation in the nation. The franchisee, Great Lakes Quick Lube, operates 30 units in Wisconsin and Illinois.

Highlights

Well Recognized Brand – Valvoline Instant Oil Change (VIOC) operates more than 900 oil change centers across 41 US states…

Property Description

DeKalb is a city in DeKalb County, Illinois. The population was 43,862 according to the 2010 census. DeKalb is located approximately 63 miles west of Chicago. DeKalb is home to Northern Illinois University, the city's largest employer and the third largest campus in the state. Other large employers include KishHealth (a regional medical group centered around Dekalb's Kishwaukee Hospital), General Electric, Monsanto, the local school district, and a large retail district along Hwy 23 that includes Walmart, Target, Lowes, Barnes and Noble, Best Buy, JCPenney, Sears and dozens of other chain and local stores. DeKalb is also home to warehouses for several major companies, including Target, 3M, Nestlé, and Panduit, in part due to Dekalb's direct access to I-88, I-39, I-90, Routes 38, 64, and 72. Chicago is the largest city in the state of Illinois and the third most populous city in the U.S. The city has approximately 2.7 million residents. Its metropolitan area, sometimes called Chicagoland, is the third-largest in the U.S., with an estimated 9.8 million people. The city is an international hub for finance, commerce, industry, telecommunications, and transportation, with O'Hare International Airport being the second-busiest airport in the world in terms of traffic movements. The subject property is strategically located along Sycamore Road, a major retail corridor with many nearby national retailers including Lowe's, Wal-Mart Supercenter, Aldi, and Kohl's.