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300 Progress Dr
Oregon, IL 61061
Napa Auto Parts · Retail Property For Sale
Investment Highlights
- The subject property features an Absolute NNN lease with the tenant responsible for all taxes, insurance and maintenance obligations
- Napa has historically operated below a 5% rent-to-sales ratio, further demonstrating this as a high-ranking location
- Due to the rising cost of construction, the lease and overall value of the property is significantly below the cost to redevelop
- Per Alphamap’s brand ranking report, this location performs in the 83 rd percentile nationally (961 of 5,754 locations)
- The original 20-year lease features 5% rental increases throughout the base term and starting in each of the four, 5-year option periods
- Napa is the only Auto Parts retail in Oregon, IL with the next closest Auto Parts retailer over 12 miles away
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,898 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
F1 - Commercial NEC
Property Taxes
| Parcel Number | 16-02-153-004 | Improvements Assessment | $458,597 |
| Land Assessment | $13,066 | Total Assessment | $471,663 |
Property Taxes
Parcel Number
16-02-153-004
Land Assessment
$13,066
Improvements Assessment
$458,597
Total Assessment
$471,663
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