954 N Liberty St - Freestanding FOR SALE


Elgin, IL 60120
$1,984,000 USD
312-548-6822
954 N Liberty St, Elgin, IL for Sale
$1,984,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

954 N Liberty St
Elgin, IL 60120


HIGHLIGHTS

  • Early 10 Year Lease Extension
  • Long-Term Occupany
  • Corporate Lease
  • Minimal Landlord Responsibilities
  • Recession & E-Commerce Resistant Tenant
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 954 N Liberty Street in Elgin, Illinois (the “Property”). Constructed in 2004, Advance Auto Parts has been at this location for 19+ years and recently extended their lease, demonstrating their commitment to the site and the market. Advance Auto Parts has 10+ years remaining on their lease with three (3), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. Advance Auto Parts is strategically located at the intersection of Page Avenue and N Liberty Street and is seconds from Dundee Avenue, the area’s primary commercial and commuter corridors. The Property is surrounded by densely developed residential neighborhoods that provide a built-in customer base, and the area features a strong presence from the auto industry, with a large number of auto dealerships and auto service providers offering excellent synergy with Advance Auto Parts. The Property is 1.5-miles north of Downtown Elgin and offers convenient access to area schools (including Judson University and Elgin Community College), retailers and restaurants, municipal offices and area employers. Additionally, the Property is 1-mile from Interstate 90 and offers convenient access to Illinois Routes 25, 58, 31, and 59 and US Route 20.

FOR SALE DETAILS

PRICE

$1,984,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.