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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: $2,585,000

Cap Rate
5.75%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
9.3
Gross SF
7,326
Guarantor
Corporate Guarantee
Rentable SF
7,326
Price/Gross SF
$352.85
Lease Type
Double Net
Rent Per Square Feet
$20.29

Investment Overview

South Elgin is a growing suburban community located in Kane County approximately 40 miles west of downtown Chicago, positioned within the highly desirable Fox Valley corridor. The village benefits from strong regional connectivity via Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90, providing direct connectivity to the greater Chicago metropolitan area and O’Hare International Airport.

South Elgin is part of the robust Elgin–St. Charles–Geneva trade area, one of the most established and affluent suburban submarkets in Chicagoland. The community features a strong residential base characterized by stable home values, quality school districts, and consistent population growth driven by families and professionals seeking suburban living with convenient urban access. Average household incomes within the surrounding 3–5 mile radius exceed regional averages, supporting strong consumer spending fundamentals.

Retail demand in the corridor is anchored by national tenants along the Randall Road retail corridor, including major grocers, home improvement retailers, fitness concepts, quick service restaurants, and service-oriented businesses. The area benefits from a diversified employment base supported by healthcare, manufacturing, logistics, professional services, and education sectors throughout Kane and DuPage Counties.

South Elgin’s strategic location within Chicago’s western growth corridor, combined with continued residential development and sustained retail demand, provides a stable and attractive long-term investment environment supported by strong demographic fundamentals and consistent consumer traffic.

Investment Highlights

  • Corporate Long Term Lease with 9+ 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 $118k+ within a 1-Mile Radius & over 154k 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 #249 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 17.78 Billion.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Auto Parts

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

Listing Price: $2,585,000

Cap Rate
5.75%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
9.3
Gross SF
7,326
Guarantor
Corporate Guarantee
Rentable SF
7,326
Price/Gross SF
$352.85
Lease Type
Double Net
Rent Per Square Feet
$20.29

Investment Highlights

  • Corporate Long Term Lease with 9+ 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 $118k+ within a 1-Mile Radius & over 154k 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 #249 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of 17.78 Billion.

Investment Overview

South Elgin is a growing suburban community located in Kane County approximately 40 miles west of downtown Chicago, positioned within the highly desirable Fox Valley corridor. The village benefits from strong regional connectivity via Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90, providing direct connectivity to the greater Chicago metropolitan area and O’Hare International Airport. South Elgin is part of the robust Elgin–St. Charles–Geneva trade area, one of the most established and affluent suburban submarkets in Chicagoland. The community features a strong residential base characterized by stable home values, quality school districts, and consistent population growth driven by families and professionals seeking suburban living with convenient urban access. Average household incomes within the surrounding 3–5 mile radius exceed regional averages, supporting strong consumer spending fundamentals. Retail demand in the corridor is anchored by national tenants along the Randall Road retail corridor, including major grocers, home improvement retailers, fitness concepts, quick service restaurants, and service-oriented businesses. The area benefits from a diversified employment base supported by healthcare, manufacturing, logistics, professional services, and education sectors throughout Kane and DuPage Counties. South Elgin’s strategic location within Chicago’s western growth corridor, combined with continued residential development and sustained retail demand, provides a stable and attractive long-term investment environment supported by strong demographic fundamentals and consistent consumer traffic.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

  • David Kern

    Managing Director Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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