Single-Tenant Vacant-User

Former Sam's Club

1470 Golf Rd, Rolling Meadows, IL 60008

Listing Price: $5,500,000

Cap Rate
1.00%
Tenant Name
Former Sam's Club
Guarantor
No Guarantee
Rentable SF
129,601
Lease Type
Absolute Net

Investment Overview

Marcus & Millichap is pleased to present the Former Sam’s Club property located at 1470 Golf Road in Rolling Meadows, Illinois. The property was constructed in 2000 and contains 129,601 square feet of rentable building space. The Former Sam’s Club is in-line with the adjacent Walmart which may also be acquired separately or as a portfolio. Walmart is the largest company in the world with over $515 billion in annual revenue and 2.2 million employees. The adjacent Walmart has occupied the site for nearly 20 years and recently underwent $3 million in renovations including exterior brick facade, pharmacy, interior painting, and new flooring. The historical occupancy and recent capital infusion, show Walmart’s long term commitment to this location and market. The asset is strategically located in the largest suburban trade area of Illinois. This super regional trade area contains 22.4+ million square feet of retail within five miles of the asset. Sam’s Club (Dark) is situated 2.5 miles from Woodfield Mall which attracts 27+ million visitors per year. The mall contains 2.15 million square feet and is anchored by Nordstrom, J.C. Penney, Macy’s, and Lord & Taylor. Other nearby national retail includes IKEA, Whole Foods, Lowe’s Home Improvement, Costco Wholesale, Target, Meijer, Jewel-Osco, Hobby Lobby, Nordstrom Rack, ALDI, among many others. The subject property 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 61,000 vehicles per day. The subject property is easily accessible located just off of Interstate-90 (141,500+ vehicles per day) and Interstate-290 (155,300+ vehicles per day). 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 259,000+ employees within five miles. Rolling Meadows is situated 24 miles from Downtown Chicago and 15 minutes from Chicago O’Hare International Airport. The area has excellent demographics; there are over 276,000 residents with an average household income exceeding $103,000 within five miles. The subject property provides an investor the opportunity to capitalize on tremendous upside by repositioning this asset situated in an extremely desirable market.

Investment Highlights

  • Former Sam's Club
  • Adjacent Walmart may Also be Acquired Separately or as a Portfolio
  • Super Regional Trade Area: 22.4+ Million Square Feet of Retail Within Five Miles
  • Nearby Retail: Woodfield Mall, IKEA, Whole Foods, Lowe's Home Improvement, Meijer
  • Excellent Visibility - Traffic Counts Exceed 61,000 Vehicles Per Day
  • Excellent Demographics | 276,000+ Residents With an Average Household Income Exceeding $103,000 Within Five Miles

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Single-Tenant Vacant-User

Former Sam's Club

Listing Price: $5,500,000

Cap Rate
1.00%
Tenant Name
Former Sam's Club
Guarantor
No Guarantee
Rentable SF
129,601
Lease Type
Absolute Net

Investment Highlights

  • Former Sam's Club
  • Adjacent Walmart may Also be Acquired Separately or as a Portfolio
  • Super Regional Trade Area: 22.4+ Million Square Feet of Retail Within Five Miles
  • Nearby Retail: Woodfield Mall, IKEA, Whole Foods, Lowe's Home Improvement, Meijer
  • Excellent Visibility - Traffic Counts Exceed 61,000 Vehicles Per Day
  • Excellent Demographics | 276,000+ Residents With an Average Household Income Exceeding $103,000 Within Five Miles

Investment Overview

Marcus & Millichap is pleased to present the Former Sam’s Club property located at 1470 Golf Road in Rolling Meadows, Illinois. The property was constructed in 2000 and contains 129,601 square feet of rentable building space. The Former Sam’s Club is in-line with the adjacent Walmart which may also be acquired separately or as a portfolio. Walmart is the largest company in the world with over $515 billion in annual revenue and 2.2 million employees. The adjacent Walmart has occupied the site for nearly 20 years and recently underwent $3 million in renovations including exterior brick facade, pharmacy, interior painting, and new flooring. The historical occupancy and recent capital infusion, show Walmart’s long term commitment to this location and market. The asset is strategically located in the largest suburban trade area of Illinois. This super regional trade area contains 22.4+ million square feet of retail within five miles of the asset. Sam’s Club (Dark) is situated 2.5 miles from Woodfield Mall which attracts 27+ million visitors per year. The mall contains 2.15 million square feet and is anchored by Nordstrom, J.C. Penney, Macy’s, and Lord & Taylor. Other nearby national retail includes IKEA, Whole Foods, Lowe’s Home Improvement, Costco Wholesale, Target, Meijer, Jewel-Osco, Hobby Lobby, Nordstrom Rack, ALDI, among many others. The subject property 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 61,000 vehicles per day. The subject property is easily accessible located just off of Interstate-90 (141,500+ vehicles per day) and Interstate-290 (155,300+ vehicles per day). 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 259,000+ employees within five miles. Rolling Meadows is situated 24 miles from Downtown Chicago and 15 minutes from Chicago O’Hare International Airport. The area has excellent demographics; there are over 276,000 residents with an average household income exceeding $103,000 within five miles. The subject property provides an investor the opportunity to capitalize on tremendous upside by repositioning this asset situated in an extremely desirable market.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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