Description

1002 Brook Forest Avenue is a single-tenant retail investment in Shorewood, IL, leased to Mavis Tires & Brakes. The 8,082 SF property is 100% occupied, giving buyers an operating asset rather than vacant retail space to lease.

Built in 2006, the 8,082 SF building sits on 0.86 acres and has 29 parking spaces. Monument signage and a traffic count of 30,654 AADT give the tenant ways to reach passing drivers, while on-site parking serves customers arriving by car. The single-tenant format keeps the occupancy story focused on one operator, and the Absolute Net lease type is central to how an investor will view the income. For a buyer comparing retail assets, the building size, parcel, signage, parking and traffic count describe both the physical property and its customer-facing position.

The asking price is $4,094,000, or $506.56 PSF, with a 7.25% cap rate and $296,836 in NOI. In-place rent is $296,836/year, and cash-on-cash return is 6.47%. Those figures put the purchase price and income alongside the property’s 100% occupancy, allowing a buyer to consider the investment as an occupied, single-tenant retail holding. The opportunity centers on acquiring the Mavis Tires & Brakes property with an Absolute Net lease, a defined income stream and a site whose parking, signage and traffic count support its retail function.