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Auto Parts

NAPA Auto Parts

1333 S Halsted St, Chicago Heights, IL 60411

Listing Price: $300,000

Cap Rate
8.32%
Tenant Name
Genuine Parts Company (NAPA Auto Parts)
Years Remaining On Lease
3.9
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$25.00
Lease Type
Double Net
Rent Per Square Feet
$2.88

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 12,000-square-foot NAPA Auto Parts in Chicago Heights, IL, in which the tenant previously executed a five-year renewal option on their modified net lease, showing commitment to the site. The lease is guaranteed by Genuine Auto Parts, the parent company of NAPA Auto Parts, and currently has just under four years remaining on the current term and a five-year renewal option. The Property is strategically located just north of the highly-trafficked intersection of South Halsted Street and Lincoln Highway, with visibility to over 24,600 vehicles per day. Additionally, the Property sits just 30 miles south of the Chicago Loop. The Franciscan Health Urgent Care center is less than one-half mile from the Property, and nearby retail includes CVS, CrossFit, BMO Harris Bank and USPS, among others.

Investment Highlights

  • Below Market Rents — $2.88 Per Square Foot
  • Previous 2021 Lease Extension — Strong Commitment to Site
  • Guaranteed by Parent Entity — Genuine Parts Company
  • Chicago MSA Location — Only 30 Miles South of Chicago CBD
  • Modified Net Lease with Minimal Landlord Responsibilities

Exclusively Listed By

Listing Price: $300,000

Cap Rate
8.32%
Tenant Name
Genuine Parts Company (NAPA Auto Parts)
Years Remaining On Lease
3.9
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$25.00
Lease Type
Double Net
Rent Per Square Feet
$2.88

Investment Highlights

  • Below Market Rents — $2.88 Per Square Foot
  • Previous 2021 Lease Extension — Strong Commitment to Site
  • Guaranteed by Parent Entity — Genuine Parts Company
  • Chicago MSA Location — Only 30 Miles South of Chicago CBD
  • Modified Net Lease with Minimal Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 12,000-square-foot NAPA Auto Parts in Chicago Heights, IL, in which the tenant previously executed a five-year renewal option on their modified net lease, showing commitment to the site. The lease is guaranteed by Genuine Auto Parts, the parent company of NAPA Auto Parts, and currently has just under four years remaining on the current term and a five-year renewal option. The Property is strategically located just north of the highly-trafficked intersection of South Halsted Street and Lincoln Highway, with visibility to over 24,600 vehicles per day. Additionally, the Property sits just 30 miles south of the Chicago Loop. The Franciscan Health Urgent Care center is less than one-half mile from the Property, and nearby retail includes CVS, CrossFit, BMO Harris Bank and USPS, among others.

Exclusively Listed By

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