Pep Boys - Chicago Ridge, IL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in a freestanding Pep Boys located at 10100 S Ridgeland Avenue in Chicago Ridge, IL (“Property” or “Asset”). Pep Boys operates on a ground lease with ±6.7 years of lease term remaining and an attractive 15% rent escalation in the one remaining option period.

Further, the adjacent 2.0-acre development land pad / parcel is also available, creating significant upside potential for a future investor. It may be possible to divide the parcel on which the development land is located into two separate lots as of right, but purchaser should investigate the applicable legal processes involved. This unique opportunity allows investors the ability to acquire a highly functional automotive retail asset with significant upside via rental escalations and future development.