1333 Halsted StChicago Heights, IL 60411

Property Details for 1333 Halsted St

Year built

1953

Lot size

0.07 AC

Property type

Retail space

APN

32-21-114-012

APU

3221114012

Description

This fee-simple retail property in Chicago Heights, IL, offers a compelling investment opportunity. The 11,700 square-foot building houses a Napa Auto Parts store, a top performer in its network, ranking in the top 12% nationally. The property boasts a strong, corporately guaranteed lease with Genuine Parts Company (GPC), a company with an investment-grade credit rating of BBB (S&P). The current lease, a gross lease, commenced July 1, 2021, and expires December 31, 2026, with a remaining term of approximately 2.1 years and a single, 5-year option. The property sits on a 0.68-acre lot and was built in 1953. The asking price is $293,635, yielding an 8.50% cap rate with a current NOI of $24,959. The location benefits from high traffic counts (approximately 16,500 vehicles daily) on Highway 30 and a strong demographic profile, with an average household income of $80,612 within a 5-mile radius and a population of 164,698. Napa Auto Parts has operated at this location for over 30 years, demonstrating a long-standing commitment to the area. GPC's recent acquisition of Motor Parts & Equipment Corporation further strengthens the tenant's position in the market. This recession-resistant industry, coupled with the strong tenant and location, presents a stable and potentially lucrative investment. The property's APN is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,381,817

  6.5%

  $1,275,524

  7%

  $1,184,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $960,073

  Geo Method

  $960,073

• Alternative Use

  Use

  Valuation

  Residential

  $1,075,952

  Hospitality

  $985,566

  Educational

  $819,979

  Medical

  $848,180

  Retail

  $1,275,524

Location Insight

City

Chicago Heights

County

Cook

State

Illinois

Latitude

41.5071

Longitude

-87.6352

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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