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Marcus & Millichap Facilitates $12.45M Sale of Walmart Property in Rolling Meadows, IL
Marcus & Millichap has brokered the sale of a 130,200-square-foot Walmart property located 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 at Marcus & Millichap. “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, along with Seth Haron and Darin Gross—investment specialists based in Marcus & Millichap’s Detroit office—facilitated the deal in collaboration with Steven Weinstock, the firm’s Illinois broker of record. The team exclusively marketed the property on behalf of the private equity fund seller and successfully procured an institutional buyer.
The Walmart property, located at 1460 Golf Road, was originally built in 2000 and underwent renovation in 2016. Situated on 9.76 acres, the site benefits from nearly 25 years of continuous tenant occupancy. Walmart recently committed to a long-term lease extension under an Absolute Net structure, backed by a corporate guarantee.
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