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Valvoline Leases Two Locations In Aurora & Naperville, IL From Liquid Sunshine With Dustin Pittman As The Broker

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LEASED
$37

Illinois

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Package Deal6,000 SF
Leased 12/22/2023
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LEASED

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

See Similar Deals
Package Deal6,000 SF
Leased 12/22/2023
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Summary

ILLINOIS
Asset Type:Package Deal
Price Per Square Foot:$37
Total Square Footage:6,000 SF
Transaction Type:Lease

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.

Players

Dustin Pittman
1 deal(269) 245-7496
BROKER

Details

LEASED
IMAGE: Dustin Pittman DATE: 12/22/2023 ADDRESS: 3068 East New York Street & 2783 Forgue Drive MARKET: Aurora & Naperville, IL ASSET TYPE: Package Deal LANDLORD: Liquid Sunshine - Harris Watters TENANT: Valvoline BROKER: Dustin Pittman - Thames Management Resources ASKING RENT: $37/ft. ~ SF: 3,000 NOTE FROM BROKER: Revitalizing the Drive: Broker Secures Valvoline's Entry into Prime Locations… These two locations, both attached to express tunnel car washes, had been “dark” for an extended period. A major win for the Landlord, having undergone a recent re-branding & extensive upgrades at the Aurora site. Adding a tenant like Valvoline, these locations are poised to deliver an enhanced customer experience, combining cutting-edge technology with a trusted brand.

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Deal Type
Effective Rent (Annual)

$254,498.12

Total Lease Value

$2,544,981.21

Net Landlord Cash Flow$254,498.12