430 N Mclean Blvd - Freestanding FOR SALE
South Elgin, IL 60177 |
$2,585,000 USD
858-373-3184
430 N Mclean Blvd
South Elgin, IL 60177
HIGHLIGHTS
- Corporate Long Term Lease with 9+ Years Remaining featuring Favorable Rental Increases at Each Option.
- Positioned Along Area’s Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k Vehicles.
- Densely Populated and Affluent Area: Features an Average Household Income of $118k+ within a 1-Mile Radius & over 154k People Residing within 5 Miles.
- Near Numerous National Retailers including Walmart Supercenter, Sam’s Club, Meijer, Menards, CVS, The Home Depot, Michaels, Walgreens, Kohl’s, etc.
- Near Elgin Community College (8k+ Students) - hosts Touring Artists & Music Productions in its two Theaters -the 662-seat Blizzard Theatre.
- The Overall Company is Ranked #249 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of “BBB” with an Annual Revenue of 17.78 B.
OVERVIEW
O’Reilly Auto Parts (NASDAQ: ORLY)| Long Term Lease | Investment Grade Credit: S&P “BBB” | Densely Populated & Affluent Area | Near Community College & Numerous National Retailers
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,585,000 USD
PRICE/SF
$353 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O’REILLY AUTO PARTS (NASDAQ: ORLY)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
-
APN/PARCEL ID
06-34-105-043
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858-373-3184
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858-373-3184
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