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1333 S Halsted St
Chicago Heights, IL 60411
NAPA Auto Parts · Retail Property For Sale


EXECUTIVE SUMMARY
This location ranks in the top 12% of all Napa Auto Parts properties according to Placer.AI. Napa auto Parts is paying nearly 1/7th the current market rent in a ±11,700 SF building, providing a new owner with significant upside potential. Napa Auto Parts has been operating out of this location for over ±30 years. Corporately Guaranteed lease from Genuine Parts Company. Chicago Heights is located ±30 miles from the heart of Chicago. The subject property is located off of Lincoln Hwy with a traffic count of ±15,500 vehicles a day. Average Household Income of $87,877 in a 5-Mile radius with a population of 155,702. The auto parts industry has proven to be a recession resistant tenant, making it one of the most sought out real estate tenants for investors. With an aging fleet of cars on the road, auto parts stores are widely considered safe investments. GPC announced on May 1, 2024, the acquisition of Motor Parts & Equipment Corporation (MPEC). They are one of the largest independent owners of Napa Auto Parts stores which operated 181 locations across Illinois, Indiana, Iowa, Michigan, Minnesota, and Wisconsin.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,700 SF
Building Class
C
Year Built
1953
Price
$293,635
Price Per SF
$25.10
Cap Rate
8.90%
NOI
$26,132
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.65 AC
Zoning
C - Commercial
Parking
40 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Fenced Lot
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $83,473 | |
| Land Assessment | $9,244 | Total Assessment | $92,717 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,244
Improvements Assessment
$83,473
Total Assessment
$92,717
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