Marcus & Millichap Brokers $12.5M Sale of Walmart-Occupied Retail Property in Metro Chicago

130K-SF Walmart in Rolling Meadows Sells for $12M

Marcus & Millichap arranged the sale of a 130,200-square-foot Walmart property in Rolling Meadows, Illinois, for $12.45 million.“We received multiple offers and ultimately closed with an all-cash buyer,” said Ashish Vakhariya, senior managing director investments. “Investor interest was driven by the long-term, single-tenant structure and strong tenant credit combined with a well-located asset in a high-performing submarket. Properties like this…

Marcus & Millichap Brokers $12.5M Sale of Walmart-Occupied Retail Property in Metro Chicago

ROLLING MEADOWS, ILL. — Marcus & Millichap has brokered the $12.5 million sale of a 130,200-square-foot retail property occupied by Walmart in the Chicago suburb of Rolling Meadows. Built in 2000 and renovated in 2016, the single-tenant property sits on 9.8 acres at 1460 Golf Road. Walmart, which recently signed a long-term lease extension with an absolute net structure backed by a corporate guarantee, has occupied the space for nearly 25 years.…