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300 Progress Dr
Oregon, IL 61061

$1,428,848 USD

Freestanding For Sale  •  7,898 SF

Property Details

• Property Type Freestanding
• Total Building Size 7,898 SF
• Lot Size 1 AC
• Building Class C
• Year Built 2014
• Cap Rate 6.25 %
• Tenancy Single

20 Walk Score

Highlights

The subject property features an Absolute NNN lease with the tenant responsible for all taxes, insurance and maintenance obligations

Per Alphamap’s brand ranking report, this location performs in the 83 rd percentile nationally (961 of 5,754 locations)

Napa has historically operated below a 5% rent-to-sales ratio, further demonstrating this as a high-ranking location

The original 20-year lease features 5% rental increases throughout the base term and starting in each of the four, 5-year option periods

Due to the rising cost of construction, the lease and overall value of the property is significantly below the cost to redevelop

Napa is the only Auto Parts retail in Oregon, IL with the next closest Auto Parts retailer over 12 miles away

Cap Rate:

6.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
NAPA Auto Parts

Public Transportation

Airport	Drive	Walk	Distance
Chicago/Rockford International	41 min	-	27.2 mi