2625 W North Ave - Freestanding FOR SALE


Melrose Park, IL 60160
$2,830,000 USD
480-221-4221
2625 W North Ave, Melrose Park, IL for Sale
$2,830,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

2625 W North Ave
Melrose Park, IL 60160


HIGHLIGHTS

  • Options to Extend | Corporate Guaranteed | Scheduled Increases
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Grocery-Anchored Shopping Center | Strong National Co-Tenancy Access via I-294 (171,400 VPD) | Dense Industrial & Retail Corridor
  • Strong Demographics In 5-Mile Trade Area | Chicago MSA

OVERVIEW

• The tenant, Advance Auto Parts, has over 6 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 7.5 to 10% rental increases at the beginning of each option period, hedging against inflation

FOR SALE DETAILS

PRICE

$2,830,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

E

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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