O’REILLY AUTO PARTS 3333 N Milwaukee Ave, Chicago, IL 60641
Cap Rate 7.50%
Price Per SF $387
Leasable Area 7,000 SF
Term Remaining 2.75 YRS
Year Built 1998
Broker of Record
License No. 471019766 (IL)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
- Top 3 Densest Market in US – Chicago MSA is the 3rd largest MSA in the country, and this property is surrounded by 55,000+ residents within 1 mile, 510,000+ in 3 miles, and 1,235,000+ within 5-miles
- Near Intersection – Subject property is one-off from N Milwaukee Ave and N Pulaski Rd that has an average traffic count of ±37,000+ cars per day.
- Long Operating History – O’Reilly Auto Parts (formerly CSK Auto at this location) has been operating at this location for 13+ years
- Minimal Landlord Responsibilities – Tenant is responsible for taxes, insurance, parking lot, and HVAC
- Hospitals and Schools Nearby – Around the corner is the 95-bed 24/7 Kindred Chicago Central Hospital and the subject property is in between Scammon Elementary School and St. Viator Elementary School
- Strong Investment Grade Credit – O’Reilly Auto Parts boasts strong investment grade credit of BBB along with AutoZone, Walgreens, AT&T, Sherwin-Williams, Kroger, and FedEx to name a few.
- Increasing Performance – O’Reilly ended 2018 with total revenue of $9.53 Billion which was up from 2017’s revenue of $8.97 Billion.
- Upgraded Construction – Unlike O’Reilly Auto Parts’ common metal buildings, the subject property is made of brick and stucco