Updated Dec 4, 2024
Valvoline Leases Two Locations In Aurora & Naperville, IL From Liquid Sunshine With Dustin Pittman As The Broker
3068 East New York Street & 2783 Forgue Drive
$37
$37/SF
Building Size
3,000 SF
Asset Type
Package Deal
Closing
Dec 22, 2023
About this deal
AI
The landlord, Liquid Sunshine - Harris Watters, has successfully leased two locations in Aurora and Naperville, IL as part of a package deal. The properties, located at 3068 East New York Street and 2783 Forgue Drive, are both attached to express tunnel car washes and had been vacant for a significant period of time. The Aurora site has recently undergone a re-branding and extensive upgrades, making it an attractive prospect for tenants.
Summary of Transaction Details
- Property Type: Package Deal
- Asking Rent: $37/ft.
- Square Footage: 3,000
- Market: Aurora & Naperville, IL
- Landlord: Liquid Sunshine - Harris Watters
- Tenant: Valvoline
Broker Dustin Pittman of Thames Management Resources played a crucial role in securing Valvoline as the tenant for these prime locations. With the addition of Valvoline, the landlord can expect to provide an enhanced customer experience. Valvoline is known for combining cutting-edge technology with a trusted brand, making them an ideal choice for these properties.
This lease agreement marks a significant win for the landlord and sets the stage for a successful revitalization of the previously vacant locations. The entry of Valvoline into these prime sites is expected to have a positive impact on the surrounding area, attracting customers and driving further business growth.
Aurora Package Deal Market Snapshot
Boundary boundary · Package Deal · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
428729.73%
Cash-on-Cash
-122532.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93