O’Reilly Auto Parts NNN
New
For Sale
$1,557,000
701 Charleston Ave, Mattoon, IL 61938
Retail asset with corporate lease guarantee and multiple renewal options.
Property Size7,150 SF
Price / SF$217.76
Days on Market3
Property Features for 701 Charleston Ave
General Information
Standard status
Active
Size
7,150 SF
Property subtype
Auto Parts
Lease Type
Double Net
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Cap Rate
6.5%
Amenities
NN Leased O'Reilly Auto Parts with 10 years of term remaining | Corporate guarantee
Tenant has been operating at this location since 2016
Situated at a high-visibility hard corner | 15,300 VPD
2 miles from the on/off ramp of Interstate 57, which sees 19,300 vehicles per day
1.2 miles from Cross County Mall, which attracts 1.3 million annual visitors (Placer.ai)
1.6 miles from Walmart Supercenter, which attracts 2.4 million annual visitors (Placer.ai)
17,191 residents and 22,870 employees within a three-mile radius
Building Details
Building Size
7,150 SF
Tenancy
Single
Listing Agency:
Chicago Oak Brook Office
(630) 570-2283
Listed By:
Ben Shapiro Shapiro · License #License(s): IL: 475.204677
(630) 570-2283
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Oak Brook Office
Investment Insights
Based on property information with market context.
This 7,150-square-foot retail property is occupied by O’Reilly Auto Parts, which has operated at the site since 2016. The lease has 10 years remaining, includes four 5-year renewal options, and provides scheduled 6% rental increases every five years. The tenant’s obligations are supported by a corporate guarantee from O’Reilly Automotive, Inc.
The property occupies a hard-corner position on Charleston Avenue in Mattoon, with access to Interstate 57 and proximity to the Mattoon Amtrak station. Cross County Mall and Walmart Supercenter are identified as nearby retail drivers, while the surrounding three-mile area includes more than 17,000 residents and nearly 23,000 employees.
The property occupies a hard-corner position on Charleston Avenue in Mattoon, with access to Interstate 57 and proximity to the Mattoon Amtrak station. Cross County Mall and Walmart Supercenter are identified as nearby retail drivers, while the surrounding three-mile area includes more than 17,000 residents and nearly 23,000 employees.
Key Highlights
- 7,150‑square‑foot retail property occupied by O’Reilly Auto Parts
- 10 years of remaining lease term
- Corporate guarantee from O’Reilly Automotive, Inc.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 61938, IL
20,768
Population
10,299
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
126.5 sq mi
ZIP Area
164
Density / Sq Mi
$54,288
Median Household Income
$39,651
Median Earnings
$771
Median Rent
$109,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Retail asset with corporate lease guarantee and multiple renewal options.
Where is this nnn property located?
The property is located at 701 Charleston Ave Mattoon, IL.
What is the asking price?
The asking price for this property is $1,557,000.
What are key features of this property?
This property features: 7,150‑square‑foot retail property occupied by O’Reilly Auto Parts; 10 years of remaining lease term; Corporate guarantee from O’Reilly Automotive, Inc.
