Investment Overview

Marcus & Millichap is pleased to present this single-tenant Walmart located at 1460 Golf Rd in Rolling Meadows, Illinois. The 130,200-square-foot building is situated on 9.76 acres and was constructed in 2000 and renovated in 2016. The tenant has nearly 25 years of historical occupancy and recently signed a seven-year lease extension, demonstrating a strong commitment to this site. The Absolute Net lease has a corporate guarantee by Walmart Stores, Inc. and contains six five-year options to renew. There are three percent rent increases at the beginning of the first four options, and 2.5 percent increases in options five and six. Walmart Inc. (NYSE: WMT | S&P: AA | Moody’s: Aa2) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. The asset is strategically located in the largest suburban trade area of Illinois. This super regional trade area contains 23.5 million square feet of retail within five miles of the asset. Walmart is situated cross from a Lowe’s and Meijer, and just two miles from Woodfield Mall which attracts over 27 million visitors per year. The mall contains 2.15 million square feet and is one of the largest malls in the United States. Other nearby national retail includes IKEA, Costco, Whole Foods, Trader Joe’s, Target, Kohl’s, Best Buy, among many others. Walmart is located at the signalized intersection of Golf Road and Algonquin Road with six points of ingress & egress. The property features excellent visibility, experiencing combined traffic counts of 60,800 vehicles per day. The subject property is easily accessible located just off of Interstate-90 (141,300 VPD) and Interstate-290 (119,700 VPD). Rolling Meadows, Illinois is a dominant commercial and business center for the Chicago Metropolitan Area. Several Fortune 500 Companies are located nearby and the daytime population exceeds 389,276 within five miles. The area has excellent demographics; there are over 279,000 residents with an average household income exceeding $119,000 within five miles. Rolling Meadows is situated 23 miles from Downtown Chicago and the Loop Business District. Chicago O’Hare International Airport is just 15 minutes away, which has an average of 2,520 flights per day. The airport is undergoing a multi-stage expansion that will add 25 percent more gate capacity and a second customs and immigration checkpoint. Work on Satellite Concourse 1 will be completed in 2028, with the Global Terminal on track for its formerly announced 2032 date. From there things will accelerate with the construction of a connection tunnel and people mover within it as well as Satellite Concourse 2 being completed in 2034. The subject property provides an investor the opportunity to acquire an investment-grade asset situated in an extremely desirable market.