Net Lease Monro Auto Service
$1,400,000
1809 Eastland Dr. Bloomington, IL 61704
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About this listing
DESCRIPTION
The subject property is 100% leased on a NNN basis to Monro Muffler Brake, Inc. (NASDAQ: MNRO) through February 28, 2032. The tenant has two, 5-year options to renew with 10% increases at the beginning of each option period , growing NOI and hedging against inflation.
Monro is one of the nation's leading automotive service providers with over 1,100 locations nationwide, and generated approximately $1.195 billion in sales in fiscal 2025.
AREA
The subject property is ideally located near the signalized, hard corner intersection of State Highway 55 and Eastland Drive in Bloomington, Illinois, and provides excellent visibility and easy accessibility to the site. The building is just east of State Farm’s headquarters, OSF Healthcare and Eastland Mall. Area tenants include Lowe’s, Fresh Thyme, Schnuck’s, OSF Healthcare, State Farm, Mid-Illini Credit Union, Noodle’s, Starbucks, Chipotle, and many more.
Traffic Counts:
Eastland Dr. – 5,150 VPD
Veterans Pkwy. – 35,700 VPD
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Cap Rate
7%
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Building Size
10,676 sqft
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Lot Area
31,250 sqft
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Zoning
B-2
Details
- • Annual Tax: $ 27437.68
