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Advance Auto Parts 2075 Bloomingdale Rd 7,000 SF Retail Building Glendale Heights, IL 60139 $1,724,735 ($246.39/SF) 6.25% Cap Rate



Investment Highlights
- LONG-TERM OCCUPANCY
- CORPORATE LEASE
- ATTRACTIVE RENT INCREASES
- STRATEGIC LOCATION
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2075 Bloomingdale Road in Glendale Heights, Illinois (the “Property”). Constructed in 2004, Advance Auto Parts has been at this location for 21 years and has extended their lease twice, demonstrating their commitment to the site and the market. Advance Auto Parts has just under 4 years of term remaining followed by three (3), 5-year renewal options. The lease features attractive and impressive 22.7% rent increase at the start of the first option period, with 5% rent increases at the start the second and third options. The Property is positioned along Bloomingdale Road, the primary north-south retail and commuter route through Glendale Heights. Advance Auto Parts benefits from strong visibility and access at the Bloomingdale Road entrance of a Home Depot, allowing it to capture traffic flowing into and out of the shopping center. The site is surrounded by a mix of national retailers, service providers, and restaurants that generate consistent daily traffic and is located near the intersection of Bloomingdale Road and Army Trail Road, minutes from Interstate 355 for convenient regional connectivity. Surrounded by established residential neighborhoods, the Property draws from a dense and stable customer base and is near major employers, schools, and community amenities that support ongoing activity in the immediate area. Glendale Heights is a far west suburb of Chicago, roughly 25 miles from downtown and 10 miles from O’Hare International Airport.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,000 SF
Building Class
C
Year Built
2004
Price
$1,724,735
Price Per SF
$246.39
Cap Rate
6.25%
NOI
$107,796
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.05 AC
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-22-403-002 | Improvements Assessment | $239,170 |
| Land Assessment | $149,099 | Total Assessment | $388,269 |
Property Taxes
Parcel Number
02-22-403-002
Land Assessment
$149,099
Improvements Assessment
$239,170
Total Assessment
$388,269
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Advance Auto Parts | 2075 Bloomingdale Rd
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