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
Auto Dealership
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
245 FT on Redington Dr

PROPERTY TAXES

  • Listing ID: 27022883

  • Date on Market: 11/2/2022

  • Last Updated:

  • Address: 474 Redington Dr, South Elgin, IL 60177