Auto Parts
O'Reilly Auto Parts
854 Summit St, Elgin, IL 60120
Listing Price: $3,273,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a double net lease O’Reilly Auto Parts in Elgin, Illinois. The property consists of a 7,616-square-foot, freestanding building that sits on approximately 0.76 acres of land. The tenant recently extended the lease 10 years, with eight percent rental escalations every five years in the options. The property has excellent access and visibility on Summit Street, where traffic counts exceed 16,454 vehicles per day. The area is extremely dense with more than 183,058 residents within a five-mile radius. The property is next to the future site of Bella Casa Square, a major development that was approved by Elgin’s city council in 2021. Upon completion, the 11-acre development will include 155 apartments, 13,000 square feet of retail space and one recreation center for residents.
Investment Highlights
- Recent 10-Year Lease Extension – 14-Year Operating History
- Attractive All-Brick Construction
- Excellent Access and Visibility on Summit Street (16,454 VPD)
- Next to the Planned Bella Casa Square Development (155 Apartments and 13,000-SF of Retail)
- Chicago MSA Location - More than 183,058 Residents Within a Five-Mile Radius
- 38 Miles to Downtown Chicago
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
Listing Price: $3,273,000
Investment Highlights
- Recent 10-Year Lease Extension – 14-Year Operating History
- Attractive All-Brick Construction
- Excellent Access and Visibility on Summit Street (16,454 VPD)
- Next to the Planned Bella Casa Square Development (155 Apartments and 13,000-SF of Retail)
- Chicago MSA Location - More than 183,058 Residents Within a Five-Mile Radius
- 38 Miles to Downtown Chicago
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a double net lease O’Reilly Auto Parts in Elgin, Illinois. The property consists of a 7,616-square-foot, freestanding building that sits on approximately 0.76 acres of land. The tenant recently extended the lease 10 years, with eight percent rental escalations every five years in the options. The property has excellent access and visibility on Summit Street, where traffic counts exceed 16,454 vehicles per day. The area is extremely dense with more than 183,058 residents within a five-mile radius. The property is next to the future site of Bella Casa Square, a major development that was approved by Elgin’s city council in 2021. Upon completion, the 11-acre development will include 155 apartments, 13,000 square feet of retail space and one recreation center for residents.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By

