Skip to main content

Auto Parts

O'Reilly Auto Parts (NASDAQ: ORLY) | Chicago MSA | Strong Demos | Long Term Lease

430 N McLean Blvd, South Elgin (Chicago MSA), IL 60177

Listing Price: $2,972,460

Cap Rate
5.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
13.0
Gross SF
7,326
Guarantor
Corporate Guarantee
Rentable SF
7,326
Price/Gross SF
$405.74
Lease Type
Double Net
Rent Per Square Feet
$20.29

Investment Overview

South Elgin is a village in Kane County, Illinois, United States. Per the 2020 census, the population was 23,865. In 2007, Money magazine named South Elgin as 82nd of 100 entries in its “America’s Best Places to Live” edition and again in 2011 as 98th of 100 entries. Kane County is a county in the U.S. state of Illinois. According to the 2010 census, it has a population of 515,269, making it the fifth-most populous county in Illinois. Its county seat is Geneva, and its largest city is Aurora. Kane County is one of the collar counties of the metropolitan statistical area designated “Chicago–Naperville–Elgin, IL–IN–WI” by the US Census.

Investment Highlights

  • Corporate Long Term Lease with 13 Years Remaining Featuring Favorable Rental Increases at Each Option.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of $104k+ within a 3-Mile Radius & over 153k People Residing within a 5-Mile Radius.
  • Minutes from Numerous National Retailers including Walmart Supercenter, Sam's Club, Meijer, Menards, CVS, The Home Depot, Michaels, Walgreens, Kohl's, Best Buy, Staples and many more.
  • Near Elgin Community College (8k+ Students). It's Arts Center hosts Touring Artists & Music Productions in its two Theaters -the 662-seat Blizzard Theatre & the 168-seat SecondSpace Theatre.
  • The Overall Company is Ranked #279 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 13.32 Billion.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Parts

O'Reilly Auto Parts (NASDAQ: ORLY) | Chicago MSA | Strong Demos | Long Term Lease

Listing Price: $2,972,460

Cap Rate
5.00%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
13.0
Gross SF
7,326
Guarantor
Corporate Guarantee
Rentable SF
7,326
Price/Gross SF
$405.74
Lease Type
Double Net
Rent Per Square Feet
$20.29

Investment Highlights

  • Corporate Long Term Lease with 13 Years Remaining Featuring Favorable Rental Increases at Each Option.
  • Positioned Along Area's Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of $104k+ within a 3-Mile Radius & over 153k People Residing within a 5-Mile Radius.
  • Minutes from Numerous National Retailers including Walmart Supercenter, Sam's Club, Meijer, Menards, CVS, The Home Depot, Michaels, Walgreens, Kohl's, Best Buy, Staples and many more.
  • Near Elgin Community College (8k+ Students). It's Arts Center hosts Touring Artists & Music Productions in its two Theaters -the 662-seat Blizzard Theatre & the 168-seat SecondSpace Theatre.
  • The Overall Company is Ranked #279 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 13.32 Billion.

Investment Overview

South Elgin is a village in Kane County, Illinois, United States. Per the 2020 census, the population was 23,865. In 2007, Money magazine named South Elgin as 82nd of 100 entries in its “America’s Best Places to Live” edition and again in 2011 as 98th of 100 entries. Kane County is a county in the U.S. state of Illinois. According to the 2010 census, it has a population of 515,269, making it the fifth-most populous county in Illinois. Its county seat is Geneva, and its largest city is Aurora. Kane County is one of the collar counties of the metropolitan statistical area designated “Chicago–Naperville–Elgin, IL–IN–WI” by the US Census.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

MM Texture Background
MM Textured Background Lower