O'Reilly Auto Parts for Sale in South Elgin, IL
South Elgin, IL
Key Investment Metrics
Price
$2,477,050
Cap Rate
6.0%
Net Operating Income
$148,623
Building Size
7326 SF
Land Area
1 Acres
Remaining Term
9 years
Lease Expiration
07/30/2035
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2015
Tenancy
Single
Rent Increases
Yes
Property overview
O'Reilly Auto Parts in South Elgin
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,326 SF
- Land area
- 1 acres
- Year built
- 2015
- Lease type
- NN
- Lease expiration
- 07/30/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.