474 Redington Dr
South Elgin, IL 60177
Retail Property For Sale
Executive Summary
This is a single tenant NNN lease investment. 4 Wheel Parts is the tenant who is owned by Polaris Inc. (NYSE: PII) The lease runs through May 2025 with two 5 year options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,569 SF
Building Class
C
Year Built
2005
Price
$2,325,000
Price Per SF
$201
Cap Rate
7%
NOI
$162,780
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.04 AC
Zoning
B-2 Community Business
Parking
30 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Number | 09-05-278-007 | Improvements Assessment | $370,727 |
Land Assessment | $180,450 | Total Assessment | $551,177 |