This package has been prepared for information purposes to assist potential partners, buyers, or exchangers in determining whether to proceed with their own in-depth investigation of the property.  No representation or warranties, expressed or implied, as to accuracy or completeness of this package, or any of its contents, shall be deemed made, and no legal commitment or obligation shall arise by reason of this package or its contents.  Interested parties are expected to review independently all documents relating to the property as to the accuracy and completeness of the information contained herein.  All financial projections have been based upon various assumptions relating to the general economy, competition, and other factors beyond reasonable control, and therefore, they are subject to material variation.

This package is a backup package composed of a Faxpak © and attached demographic and maps information.  We do not send community information and maps and some other information over the fax due to size and volume.  If you received this package without the attachments please request any additional information to be sent via U. S. Mail.  Pictures often do not show well or at all when faxed.  We prefer to email the package when possible.  Also, see our web site as shown on the front cover for additional information.

COVER PICTURE –A view at just about opening day.  Since then landscaping is complete.

Preview of the Investment

Tuffy Automotive operates as Tuffy or CarX.  They are a chain of franchised automotive repair shops.

The Lease is corporate. This one opened in Spring 2002.  A description of the building, area, and site are provided elsewhere.  Some details of the lease may not be found herein but are available to prospective purchasers upon receipt of a confidentiality agreement.

Location of the Property and Area:

The town is Loves Park, IL, a suburb of Rockford, IL, about 70 miles from O’Hare Airport.  Loves Park is adjacent to Rockford on it northern border. 

The immediate area is retail.  It is about 1 block west of the intersection of Perryville Road and Riverside Drive, at 6574 E Riverside Drive.  Perryville runs N-S in parallel with I-90 and is a limited access divided highway.  Perryville to the south of Riverside is newer retail/office.  Essentially, professionals, especially banks and lawyers have migrated to the area.  North of Riverside it becomes residential after a short distance.  Riverside is retail from I-90, about 1-2 miles east, west for several miles.  For the most part, it is newer retail.  As the population has moved north from Rockford into Loves Park, Machesney Park, and Roscoe, Riverside Drive is more centrally located.

Behind the Tuffy is an industrial/office park.  Located within it is a large ice-skating complex as well as several companies.  New buildings have gone up since photos.

Site Description

The site is about 1 acre.  Tuffy only needs ½ acre but this site was developed for Tuffy and utilized exclusively for Tuffy.   Whether some other use could be applied to the back end is a matter of conjecture.  Entry is not off of Riverside as that has some limitations on driveway entries.  Entry is off a side street that does go to Riverside Drive.  To the west is a Kentucky Fried Chicken and to the east is a car dealership.  Riverside Drive has a traffic count of about 20,500 cars, high for this area, and Perryville has about 26,600, both according to the Illinois Department of Transportation.

The intersection on the right is Perryville and Riverside Drive.  The Tuffy is the second building from the left on north side of Riverside, between the KFC and car dealership. 

A larger view of above.  I-90/I-39 is just off the picture to the right.  Riverside Drive is the main E-W street in the picture.  Perryville is the N-S.

 Financial information removed - property sold.

Real Estate Taxes and Assessments and Transfer Taxes

Of course, since the leases are Net, the taxes are paid by the tenant according to the formulas in the leases.

Compare with Aerial Picture

The Illinois Tollway, I-90/I-39, is about 1 mile east of Perryville (11).  (55) is Riverside Drive.