Advance Auto Parts

435 N McLean Blvd, South Elgin, IL
Price:
$2,374,000
Cap Rate:
6.00%
Current Rent:
$142,450
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date:
Approx. 5.5 years
Renewal Options:
Three, 5-year options
Building Sq. Ft.:
7,000 SF
Rent Increases:
5% in each option
Site Size:
1.23 Acres
  • advance auto parts stream capital partners
  • advance auto parts stream capital partners
  • advance auto parts stream capital partners
  • advance auto parts stream capital partners

Investment Highlights

  • Recent 5-year extension showing commitment to the local customer base
  • Investment grade credit rating (S&P: BBB-)
  • NN lease provides for ease of management with limited landlord responsibilities
  • Nearby retailers include Butera Market, Walgreens, CVS, 7-Eleven, Dunkin’ Donuts, McDonald’s, and Associated Bank, among others
  • Chicago MSA location with more than 73,000 residents within 3 miles
  • Affluent consumer base with an average household income of $115,000 within 1 mile

Listing Agents

Patrick Tupa

Associate
847 345 6681
Patrick@stream-cp.com

Graham Gold

Vice President
314 324 8792
Graham@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

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