No Tenant Specified

Walmart

1460 Golf Rd, Rolling Meadows, IL 60008

Listing Price: $13,400,000

Cap Rate
6.80%
Tenant Name
Corporate Store
Years Remaining On Lease
4.4
Gross SF
130,215
Guarantor
Corporate Guarantee
Rentable SF
130,215
Price/Gross SF
$102.91
Lease Type
Absolute Net
Rent Per Square Feet
$7.00

Investment Overview

Marcus & Millichap is pleased to present the Walmart property located at 1460 Golf Road in Rolling Meadows, Illinois. The property was constructed in 2000, renovated in 2016, and contains 130,215 square feet of rentable building space which is fully occupied by Wal-Mart Stores, Inc. (S&P: AA). The tenant recently exercised a five-year lease extension. The Absolute-Net lease features zero landlord responsibilities and is corporately guaranteed. Walmart has four, five-year options to renew with rental increases in each option. The adjacent Former Sams Club 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. Walmart has occupied this 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 Walmarts 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.

Investment Highlights

  • Walmart Stores, Inc. (S&P: AA) Recently Executed a Five-Year Lease Extension
  • Corporate-Guaranteed Absolute-Net Lease Term | Four Five-Year Options with Increases
  • Commitment to Location: 20 Years of Occupancy, Recent Capital Infusion
  • Super Regional Trade Area: 22.4+ Million Square Feet of Retail 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

Listing Price: $13,400,000

Cap Rate
6.80%
Tenant Name
Corporate Store
Years Remaining On Lease
4.4
Gross SF
130,215
Guarantor
Corporate Guarantee
Rentable SF
130,215
Price/Gross SF
$102.91
Lease Type
Absolute Net
Rent Per Square Feet
$7.00

Investment Highlights

  • Walmart Stores, Inc. (S&P: AA) Recently Executed a Five-Year Lease Extension
  • Corporate-Guaranteed Absolute-Net Lease Term | Four Five-Year Options with Increases
  • Commitment to Location: 20 Years of Occupancy, Recent Capital Infusion
  • Super Regional Trade Area: 22.4+ Million Square Feet of Retail Within Five Miles

Investment Overview

Marcus & Millichap is pleased to present the Walmart property located at 1460 Golf Road in Rolling Meadows, Illinois. The property was constructed in 2000, renovated in 2016, and contains 130,215 square feet of rentable building space which is fully occupied by Wal-Mart Stores, Inc. (S&P: AA). The tenant recently exercised a five-year lease extension. The Absolute-Net lease features zero landlord responsibilities and is corporately guaranteed. Walmart has four, five-year options to renew with rental increases in each option. The adjacent Former Sams Club 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. Walmart has occupied this 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 Walmarts 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.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

MM Texture Background
MM Textured Background Lower