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Off Market
1/4

1460 Golf Rd
Rolling Meadows, IL 60008


OVERVIEW

Marcus & Millichap is pleased to present the Walmart property located at 1460 Golf Road in Rolling Meadows, Illinois. The property was constructed in 2000, renovated in 2016, and contains 130,215 square feet of rentable building space which is fully occupied by Wal-Mart Stores, Inc. (S&P: AA). The tenant recently exercised a five-year lease extension. The Absolute-Net lease features zero landlord responsibilities and is corporately guaranteed. Walmart has four, five-year options to renew with rental increases in each option. The adjacent Sam’s Club (Dark) may also be acquired separately or as a portfolio. Walmart is the largest company in the world with over $515 billion in annual revenue and 2.2 million employees. Walmart has occupied this site for nearly 20 years and recently underwent $3 million in renovations including exterior brick facade, pharmacy, interior painting, and new flooring. The historical occupancy and recent capital infusion, show Walmart’s long term commitment to this location and market. The asset is strategically located in the largest suburban trade area of Illinois. This super regional trade area contains 22.4+ million square feet of retail within five miles of the asset. Walmart is situated 2.5 miles from Woodfield Mall which attracts 27+ million visitors per year. The mall contains 2.15 million square feet and is anchored by Nordstrom, J.C. Penney, Macy’s, and Lord & Taylor. Other nearby national retail includes IKEA, Whole Foods, Lowe’s Home Improvement, Costco Wholesale, Target, Meijer, Jewel-Osco, Hobby Lobby, Nordstrom Rack and ALDI, among many others. Walmart is located at the signalized intersection of Golf Road and Algonquin Road with six points of ingress & egress. The property features excellent visibility, experiencing combined traffic counts of 61,000 vehicles per day. The subject property is easily accessible located just off of Interstate-90 (141,500+ vehicles per day) and Interstate-290 (155,300+ vehicles per day). Rolling Meadows, Illinois is a dominant commercial and business center for the Chicago Metropolitan Area. Several Fortune 500 Companies are located nearby and the daytime population exceeds 259,000+ employees within five miles. Rolling Meadows is situated 24 miles from Downtown Chicago and 15 minutes from Chicago O’Hare International Airport. The area has excellent demographics; there are over 276,000 residents with an average household income exceeding $103,000 within five miles. The subject property provides an investor the opportunity to acquire an investment-grade asset situated in an extremely desirable market.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Absolute Net Walmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

130200

STORIES

1

YEAR BUILT

2000

SPRINKLERS

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PARKING SPACES

1000

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

08-08-403-035-0000