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 continue to attract significant capital in today’s market.”
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.
Located at 1460 Golf Road, the property 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.
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