2075 Bloomingdale Rd - Retail FOR SALE


Glendale Heights, IL 60139
$1,724,735 USD
312-548-6822
2075 Bloomingdale Rd, Glendale Heights, IL for Sale
$1,724,735 USD
Retail - FOR SALE
1/4
null | 6.25% Cap Rate

2075 Bloomingdale Rd
Glendale Heights, IL 60139


HIGHLIGHTS

  • LONG-TERM OCCUPANCY
  • ATTRACTIVE RENT INCREASES
  • CORPORATE LEASE
  • STRATEGIC LOCATION

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2075 Bloomingdale Road in Glendale Heights, Illinois (the “Property”). Constructed in 2004, Advance Auto Parts has been at this location for 21 years and has extended their lease twice, demonstrating their commitment to the site and the market. Advance Auto Parts has just under 4 years of term remaining followed by three (3), 5-year renewal options. The lease features attractive and impressive 22.7% rent increase at the start of the first option period, with 5% rent increases at the start the second and third options. The Property is positioned along Bloomingdale Road, the primary north-south retail and commuter route through Glendale Heights. Advance Auto Parts benefits from strong visibility and access at the Bloomingdale Road entrance of a Home Depot, allowing it to capture traffic flowing into and out of the shopping center. The site is surrounded by a mix of national retailers, service providers, and restaurants that generate consistent daily traffic and is located near the intersection of Bloomingdale Road and Army Trail Road, minutes from Interstate 355 for convenient regional connectivity. Surrounded by established residential neighborhoods, the Property draws from a dense and stable customer base and is near major employers, schools, and community amenities that support ongoing activity in the immediate area. Glendale Heights is a far west suburb of Chicago, roughly 25 miles from downtown and 10 miles from O’Hare International Airport.

FOR SALE DETAILS

PRICE

$1,724,735 USD

PRICE/SF

$247 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

02-22-403-002

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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