701 Charleston Ave - Auto Repair FOR SALE


Mattoon, IL 61938
$1,557,000 USD
630-570-2283
701 Charleston Ave, Mattoon, IL for Sale
$1,557,000 USD
Auto Repair - FOR SALE
1/6
null | 6.5% Cap Rate

701 Charleston Ave
Mattoon, IL 61938


HIGHLIGHTS

  • NN Leased O’Reilly Auto Parts with 10 years of term remaining | Corporate guarantee
  • Tenant has been operating at this location since 2016
  • Situated at a high-visibility hard corner | 15,300 VPD
  • 2 miles from the on/off ramp of Interstate 57, which sees 19,300 vehicles per day
  • 1.2 miles from Cross County Mall, which attracts 1.3 million annual visitors (Placer.ai)
  • 17,191 residents and 22,870 employees within a three-mile radius

OVERVIEW

This NN-leased O’Reilly Auto Parts investment offers 10 years of remaining term and is corporately guaranteed by O’Reilly Automotive, Inc., providing secure and stable cash flow. The tenant has successfully operated at this location since 2016, demonstrating long-term commitment to the site. The lease includes four 5-year renewal options with scheduled 6% rental increases every five years, offering attractive future income growth. The property is positioned at a high-visibility hard-corner intersection along Charleston Avenue, with convenient access to Interstate 57 and proximity to the Mattoon Amtrak station. The asset benefits from strong surrounding retail drivers, including Cross County Mall and Walmart Supercenter, within a dense trade area of over 17,000 residents and nearly 23,000 employees within three miles.

FOR SALE DETAILS

PRICE

$1,557,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Commercialnec

APN/PARCEL ID

07-1-04704-001

ASK ABOUT THIS PROPERTY

Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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