Gerber - Skokie, IL

JLL is pleased to exclusively offer for sale Gerber Collision & Glass (the “Property“) located in Skokie, IL (Chicago MSA). The Property is primarily occupied by Geber Collision & Glass (the “Tenant” or “Gerber”) subject to a net lease with 7 years of term remaining, a 10% rent bump in 2028, and multiple renewal options. The Blessed Word Christian Church of Chicago occupies 4,437 SF of space on a month-to-month lease structure, providing an additional $4,500 of income monthly. While the church has expressed interest in long-term commitment to the Property, future ownership will have the option to extend the lease or pursue a mark-to-market opportunity.

The site is favorable situated between Skokie Blvd (25,700 VPD) and the CTA Yellow Line train line which serves as a primary transportation option for thousands of residents commuting to downtown Chicago less than 15 miles south of the Property. The surrounding area boasts highly affluent demographics as average household incomes exceed $150,000. Northwestern University, one of the most prestigious academic institutions in the world, is less than 5 miles away and contributes a highly qualified talent pool to the region. These factors have contributed to several major development projects within the area, including the Illinois Science & Technology Park, a $155M Class-A research facility delivered in 2017.

This offering provides investors with a unique opportunity to acquire a highly-fungible Asset with landlord optionality and a long-term occupancy history from a leading auto repair service.