Marcus & Millichap closed the sale of a 130,200-sqaure-foot Walmart property in Rolling Meadows, Illinois, for $12.45 million.
Ashish Vakhariya, Seth Haron and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, in association with Steven Weinstock, Marcus & Millichap’s Illinois broker of record, had the exclusive listing to market the property on behalf of the private equity fund seller, and procured the institutional buyer.
The property, located at 1460 Golf Road, was built in 2000 and renovated in 2016. It sits on 9.76 acres and benefits from nearly 25 years of tenant occupancy. Walmart recently signed a long-term lease extension with an Absolute Net structure backed by a corporate guarantee. Positioned at a signalized intersection with visibility to more than 60,000 vehicles daily, the site is surrounded by national retailers and just two miles from Woodfield Mall. It offers easy access to interstates 90 and 290 and is 15 minutes from O’Hare International Airport.
