SECURE LONG-TERM LEASE

10+ years remaining on an original 15-year corporately guaranteed double-net lease. The current base rent of $72,684 is scheduled to increase by 10% in January of 2026. The lease features three five-year renewal options with minimal landlord responsibilities.

ESTABLISHED NATIONAL TENANT

Grease Monkey International operates 300+ locations across US, part of FullSpeed Automotive's 700+ location network. Property ranks in top 80% of all locations nationally based on customer visits with strong fleet maintenance program.

PRIME RETAIL LOCATION

Strategic position along Green Bay Road (41,250 VPD) near Grand Avenue (31,000 VPD) with excellent visibility. Located 40 miles north of Chicago in Lake County's primary retail corridor with strong automotive service co-tenancy including Walmart, AutoZone, O'Reilly Auto Parts.

STRONG DEMOGRAPHICS

Robust population of 249,236 residents within 5-mile radius with $68,199 average household incomes. Located in Waukegan, largest Chicago metro city north of Chicago, experiencing 2.1% annual population growth since 2020.

ESTABLISHED RETAIL CORRIDOR

Positioned within 2.1M+ SF retail corridor with 95% occupancy. Adjacent Grandview Court shopping center sees 64% customer crossover. Area features national retailers including Walmart Supercenter, Jewel-Osco, Walgreens.

ECONOMIC DRIVERS

Located in Chicago MSA ($618B GDP) near major employers Abbott Laboratories (15,000 employees), Baxter Healthcare (5,400 employees). Naval Station Great Lakes nearby employs 25,000+ military/civilian personnel.