1333 S Halsted St - Freestanding FOR SALE


Chicago Heights, IL 60411
$293,635 USD
214-295-8749
1333 S Halsted St, Chicago Heights, IL for Sale
$293,635 USD
Freestanding - FOR SALE
1/3
null | 8.9% Cap Rate

1333 S Halsted St
Chicago Heights, IL 60411


OVERVIEW

This location ranks in the top 12% of all Napa Auto Parts properties according to Placer.AI. Napa auto Parts is paying nearly 1/7th the current market rent in a ±11,700 SF building, providing a new owner with significant upside potential. Napa Auto Parts has been operating out of this location for over ±30 years. Corporately Guaranteed lease from Genuine Parts Company. Chicago Heights is located ±30 miles from the heart of Chicago. The subject property is located off of Lincoln Hwy with a traffic count of ±15,500 vehicles a day. Average Household Income of $87,877 in a 5-Mile radius with a population of 155,702. The auto parts industry has proven to be a recession resistant tenant, making it one of the most sought out real estate tenants for investors. With an aging fleet of cars on the road, auto parts stores are widely considered safe investments. GPC announced on May 1, 2024, the acquisition of Motor Parts & Equipment Corporation (MPEC). They are one of the largest independent owners of Napa Auto Parts stores which operated 181 locations across Illinois, Indiana, Iowa, Michigan, Minnesota, and Wisconsin.

FOR SALE DETAILS

PRICE

$293,635 USD

PRICE/SF

$25 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NAPA Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C

APN/PARCEL ID

32-21-114-012-0000,32-21-114-013-0000,32-21-114-014-0000,32-21-114-015-0000

ASK ABOUT THIS PROPERTY

Kevin McKennaMatthews Real Estate Investment ServicesMore Info
214-295-8749

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Kevin McKennaMatthews Real Estate Investment ServicesMore Info
214-295-8749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.