Advance Auto Parts,
OFFERING MEMORANDUM
Advance Auto Parts, Round Lake Beach, IL Offered By: John Halvorson Broker– CRE #01172187 [email protected] (949) 888-5300 Offered in conjunction with an Illinois Real Estate Broker
22521 Avenida Empresa, Suite 111, Rancho Santa Margarita, CA 92688 www.paccomcap.com
executive summary INVESTMENT OVERVIEW Pacific Commercial Capital is pleased to present the freestanding Advance Auto Parts located at 138 East Rollins Rd. in Round Lake Beach, Illinois. Built in 2007, Advance Auto Parts occupies a 7,000 square foot building situated on 0.89 acres of land. Located along one of the area’s dominant retail corridors with a daily traffic count of over 53,000, the subject property features excellent exposure and visibility. The Advance Auto store is immediately west of Kohl’s, Office Max, and Big Kmart. Other national retailers in the immediate area include Aldi, Wendy’s, Panera Bread, Chili’s and numerous others. Advance Auto Parts signed a new 15-year lease in 2008, with Landlord being responsible for both roof and structure. There are 10 years left on the lease, with three, 5-year options. The lease is flat during the initial term and has 5% rental increases occurring at the anniversary of each option period.
Executive Summary | 138 East Rollins Road, Round Lake Beach, IL 60073
executive summary Investment Summary Location The Village of Round Lake is situated about 50 miles from Chicago and conveniently situated along Metra’s Milwaukee District North Line. Round Lake is approximately 60 minutes from O’Hare International Airport and is accessible from I-94 West. The Round Lake Area is made up of five villages that have an extremely diverse community that comprises of 65,000 people.
Offering Summary Price:
$2,100,000
Capitalization Rate:
6.1%
Net Rentable Area (NRA):
7,000
Price per Square Foot (NRA):
$300.00
Year Built:
2007
Construction Type:
Concrete block
Lot Size:
38,768.4 sf (0.89 acre)
Lease Commencement Date:
January 1, 2008
Lease Expiration Date:
January 31, 2023
Term remaining on Lease:
10 Years
Options to Renew:
Three, 5-Year
Increases:
5% During Options Current
Net Operating Income:
$127,428
Executive Summary | 138 East Rollins Road, Round Lake Beach, IL 60073
2023 $133,799
2028 $140,489
property location Aerial Overview
The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.
Property Location | 138 East Rollins Road, Round Lake Beach, IL 60073
property location AREA MAPS
Property Location | 138 East Rollins Road, Round Lake Beach, IL 60073
Advance Auto Parts, Round Lake Beach, IL Offered By: John Halvorson Broker– CRE #01172187 [email protected] (949) 888-5300 Offered in conjunction with an Illinois Real Estate Broker
22521 Avenida Empresa, Suite 111, Rancho Santa Margarita, CA 92688 www.paccomcap.com
executive summary INVESTMENT OVERVIEW Pacific Commercial Capital is pleased to present the freestanding Advance Auto Parts located at 138 East Rollins Rd. in Round Lake Beach, Illinois. Built in 2007, Advance Auto Parts occupies a 7,000 square foot building situated on 0.89 acres of land. Located along one of the area’s dominant retail corridors with a daily traffic count of over 53,000, the subject property features excellent exposure and visibility. The Advance Auto store is immediately west of Kohl’s, Office Max, and Big Kmart. Other national retailers in the immediate area include Aldi, Wendy’s, Panera Bread, Chili’s and numerous others. Advance Auto Parts signed a new 15-year lease in 2008, with Landlord being responsible for both roof and structure. There are 10 years left on the lease, with three, 5-year options. The lease is flat during the initial term and has 5% rental increases occurring at the anniversary of each option period.
Executive Summary | 138 East Rollins Road, Round Lake Beach, IL 60073
executive summary Investment Summary Location The Village of Round Lake is situated about 50 miles from Chicago and conveniently situated along Metra’s Milwaukee District North Line. Round Lake is approximately 60 minutes from O’Hare International Airport and is accessible from I-94 West. The Round Lake Area is made up of five villages that have an extremely diverse community that comprises of 65,000 people.
Offering Summary Price:
$2,100,000
Capitalization Rate:
6.1%
Net Rentable Area (NRA):
7,000
Price per Square Foot (NRA):
$300.00
Year Built:
2007
Construction Type:
Concrete block
Lot Size:
38,768.4 sf (0.89 acre)
Lease Commencement Date:
January 1, 2008
Lease Expiration Date:
January 31, 2023
Term remaining on Lease:
10 Years
Options to Renew:
Three, 5-Year
Increases:
5% During Options Current
Net Operating Income:
$127,428
Executive Summary | 138 East Rollins Road, Round Lake Beach, IL 60073
2023 $133,799
2028 $140,489
property location Aerial Overview
The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.
Property Location | 138 East Rollins Road, Round Lake Beach, IL 60073
property location AREA MAPS
Property Location | 138 East Rollins Road, Round Lake Beach, IL 60073
