Press Releases
Marcus & Millichap Arranges $12.45M Sale of Walmart Property in Chicago Suburb
November 10, 2025
ROLLING MEADOWS, Ill., Nov. 10, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 130,200-sqaure-foot Walmart property in Rolling Meadows, Illinois, for $12.45 million.
“We received multiple offers and ultimately closed with an all-cash buyer,” said Ashish Vakhariya, senior managing director investments. “Investor interest was driven by the long-term, single-tenant structure and strong tenant credit combined with a well-located asset in a high-performing submarket. Properties like this continue to attract significant capital in today’s market.”
Vakhariya, Seth Haron and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, in association with Steven Weinstock, Marcus & Millichap’s Illinois broker of record, had the exclusive listing to market the property on behalf of the private equity fund seller, and procured the institutional buyer.
The property, located at 1460 Golf Road, was built in 2000 and renovated in 2016. It sits on 9.76 acres and benefits from nearly 25 years of tenant occupancy. Walmart recently signed a long-term lease extension with an Absolute Net structure backed by a corporate guarantee. Positioned at a signalized intersection with visibility to more than 60,000 vehicles daily, the site is surrounded by national retailers and just two miles from Woodfield Mall. It offers easy access to interstates 90 and 290 and is 15 minutes from O’Hare International Airport.
“We received multiple offers and ultimately closed with an all-cash buyer,” said Ashish Vakhariya, senior managing director investments. “Investor interest was driven by the long-term, single-tenant structure and strong tenant credit combined with a well-located asset in a high-performing submarket. Properties like this continue to attract significant capital in today’s market.”
Vakhariya, Seth Haron and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, in association with Steven Weinstock, Marcus & Millichap’s Illinois broker of record, had the exclusive listing to market the property on behalf of the private equity fund seller, and procured the institutional buyer.
The property, located at 1460 Golf Road, was built in 2000 and renovated in 2016. It sits on 9.76 acres and benefits from nearly 25 years of tenant occupancy. Walmart recently signed a long-term lease extension with an Absolute Net structure backed by a corporate guarantee. Positioned at a signalized intersection with visibility to more than 60,000 vehicles daily, the site is surrounded by national retailers and just two miles from Woodfield Mall. It offers easy access to interstates 90 and 290 and is 15 minutes from O’Hare International Airport.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
