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    860 Division St Coal City, IL 60416

    Sponsored
    For Sale
    $2,110,000

    Net-leased auto parts store, strong ROI.

    Property size:
    7,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 7,225-square-foot, single-tenant net-leased O'Reilly Auto Parts store in Coal City, Illinois. Located at 860 E Division St, this property boasts a prime location on a major retail corridor with high visibility, experiencing 12,800 vehicles per day. The building sits on a 0.74-acre lot and benefits from proximity to Interstate 55 (23,100 VPD) and is within an hour of downtown Chicago. The 15-year lease, commencing July 1, 2022, and expiring June 30, 2037, offers a remaining term of 12.6 years. The lease includes rent increases in year 11 and every subsequent five-year option period, providing inflation-resistant cash flow. O'Reilly Auto Parts, a publicly traded company with an S&P investment-grade credit rating of BBB, ensures a strong tenant and lease guarantee. The property's net operating income (NOI) is $122,448, resulting in a 5.80% cap rate and a price per square foot of $292.04. The asking price is $2,110,000. Nearby businesses include McDonald's, Dunkin', Taco Bell, CVS Pharmacy, Ace Hardware, and Dollar General. This property offers a compelling combination of a strong tenant, long-term lease, and attractive financial metrics, making it an ideal addition to any investment portfolio. The property includes a roof warranty and minimal landlord responsibilities. The building was constructed in 2022 and is fully depreciable.

    Property Features for 860 Division St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,225 SF
    Lot Size
    32,234 SF

    HighLights

    • Long‑term corporate lease (13+ years) with O'Reilly Auto Parts (NASDAQ: ORLY), a $59B+ market cap company.
    • O'Reilly Auto Parts is a major national automotive parts retailer with 6,131+ stores globally.
    • Attractive 6% rent increases every 5 years starting in year 11; minimal landlord responsibilities; roof warranty included.
    • High visibility on Hwy 113, a major retail corridor, near Coal City High School.
    • Investment‑grade credit (S&P: BBB), strong lease guarantee, and a 2022 depreciable building.
    • Exceptional value for a long‑term, stable net lease investment with minimal landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coal City
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2721117
    Latitude
    41.288446

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    FAQs

    What type of property is this?
    Individual retail property - Net-leased auto parts store, strong ROI.
    Where is this individual retail property located?
    The property is located at 860 Division St Coal City, IL.
    What is the asking price?
    The asking price for this property is $2,110,000.
    What are key features of this property?
    This property features: Long-term corporate lease (13+ years) with O'Reilly Auto Parts (NASDAQ: ORLY), a $59B+ market cap company.; O'Reilly Auto Parts is a major national automotive parts retailer with 6,131+ stores globally.; Attractive 6% rent increases every 5 years starting in year 11; minimal landlord responsibilities; roof warranty included.
    Request Owner's contact information
    860 Division St Coal City, IL 60416
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    860 Division St Coal City, IL 60416
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