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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
£1,863,488
Price Per SF
£161
Net Initial Yield
7%
NOI
£130,468
Tenancy
Single
Number of Floors
1
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

Parcel Number 09-05-278-007 Improvements Assessment £297,138
Land Assessment £144,631 Total Assessment £441,768

PROPERTY TAXES

Parcel Number
09-05-278-007
Land Assessment
£144,631
Improvements Assessment
£297,138
Total Assessment
£441,768
 

  • Listing ID: 27022883

  • Date on Market: 02/11/2022

  • Last Updated:

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

The Retail Property at 474 Redington Dr, South Elgin, IL 60177 is currently available for sale. Contact Corcoran Commercial Real Estate for more information.

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