General
Property title USA Retail Property for Sale 002
Category Sold
Agent Garth Wilson
Status SOLD
Is Feature No
Price $   1 678 430
Address
Address
Postcode
City Chicago
Country United States
State/Province
Illinois
Other information
Small description Brand New Advance Auto Parts property located in a dense urban-infill location in Chicago, Illinois, approximately 11 miles from the Downtown Chicago Business Loop. Advance Auto Parts is operating under a new NNN lease with a fifteen (15) year base lease term and three (3) five (5) year renewal options with rental increases in each option. The property is currently under construction with an approximate rent commencement date in February 2013.

INVESTMENT HIGHLIGHTS
  • Brand new 2012 construction, featuring latest Advance Auto prototype design
  • New Fifteen (15) year base lease term, with rent commencement February 2013
  • Rare, dense Urban Infill Chicago location - 11 Miles from the Downtown Chicago Business Loop
  • Investment Grade Tenant - Advance Auto Parts rated BBB- / Stable by Standard & Poor's
  • High Traffic Counts - 55,000 vehicles per day passing by the site
  • Excellent Demographics - Boasting a population in excess of 278,000 people within 3 miles and in excess of 756,000 within 5 miles. Average household income in excess of $48,000 within 3 miles and in excess of $51,000 within 5 miles
Full description
Location Description
Chicago is the largest city in the state of Illinois and the third most populous city in the U.S. The city has approximately 2.7 million residents. Its metropolitan area, sometimes called Chicagoland, is the third-largest in the U.S., after New York City and Los Angeles, with an estimated 9.8 million people. Chicago is the county seat of Cook County, though a small portion of the city limits also extend into DuPage County.
Agent information
Agent Photo
Name Garth Wilson
+27 21 783 5833
+27 82 576 1995
garth-wilson
Information
Property ID: 69
Hits: 747
Created: 2013-02-21
Summary
Sub-Type Stand-Alone Auto Retail
GLA 6 895 sqft
Land Size 0.42 Acres
Yield 6.75%
NOI $ 113 294
Property Photos
Retail Property for Sale