Auto Parts
NAPA Auto Parts
1333 S Halsted St, Chicago Heights, IL 60411
Listing Price: $300,000
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.
NAPA Auto Parts
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
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
