Description
Fortis Net Lease proudly presents this prime Gerber Collision property nestled in Aurora, Illinois, just 20 miles west of Downtown Chicago. Aurora, renowned for its high livability and safety, is a sought-after location in Illinois. This property boasts dual rental income streams from Gerber Collision and Classic Towing, with a mutually advantageous relationship between the two entities enhancing their coexistence. Gerber exercised their first option period early with a 10% rent bump on Jan 1, 2026, while Classic Towing's yearly lease arrangement offers significant potential to boost Net Operating Income (NOI) and achieve an exceptional Cash on Cash return. Gerber has occupied this property for two decades and their dedication is highlighted by their proactive lease amendment, which includes three additional five-year extension options, underscoring their commitment to this location.
With approximately 200,000 residents residing within a five-mile radius of Aurora and an average household income of $100,000, this property is strategically positioned in a bustling area teeming with National Credit Tenants like AutoZone, Meineke, Firestone, Starbucks, Sherwin Williams, Five Below, and many Quick Service Restaurants.
Payman Mahjoory of Fortis Net Lease represents this offering. Please contact him at 248.419.3286 or pmahjoory@fortisnetlease.com for the offering memorandum and additional details.
Offering Summary
- Asking Price$2,300,000
- Property TypeRetail
- Size10,234 SF
- Built1986
Documents
Property Address
Property Details
- Property Type
Retail - Gross Leasable Area
10,234 SF - Year Built
1986
Deal Team



