753-755 W. Dundee Rd., Wheeling, IL
Retail for Sale - $2,475,000 - 11,760 Sq. Ft. on 32159 acres
Property Info
| CIMLS# | 549578 |
| Location 753-755 W. Dundee Rd. Wheeling IL 60090 | |
| Updated | August 19th, 2015 |
| Type | Retail |
| Price | $2,475,000 |
| Building | 11,760 Sq. Ft. |
| Land | 32159 acres |
Property Description
This offering presents an investor the opportunity to acquire a fully renovated 11,380 SF masonry building which has been totally rebuilt with a new roof, new HVAC and electrical
systems and leased on a net basis to two tenants, Advance Auto Parts and Title max. The property is located in Wheeling, IL., a prestigious northern Chicago suburb just 30 miles north of the Loop. Wheeling is a diverse and dynamic community distinguished by its unique balance of industry, commercial and residential neighborhoods and also boasts the third- busiest airport in Chicago, the Chicago Executive Airport. The 32,159 SF lot has 170 feet frontage on Dundee Rd. with 31 surface parking places, excellent street visibility and easy
access to I-94.
Location Description:
On highly trafficked Dundee Rd
Highlights:
>> Anchor Tenant: Advance Auto Parts, a national investment grade tenant (S&P: BBB-)
>> - New 10 year lease with 3- 5 yr. options with rent increases in options
>> 2nd Tenant: Title max, with over 1000 stores in 14 states
>> - New 5 year lease with 2-5 yr. options
>> - Annual rent increases of 2.5% through term and options
>> - Lease Guaranteed by TMAX financial, LLC
>> Totally rebuilt building
>> 34,300 ADT on Dundee rd.
>> Excellent Demographics
>> Perfect for 1031 Exchange Buyer and Net Lease Investors
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