317 Lake Land Blvd
Mattoon, IL 61938
Local commercial Bien À vendre

317 Lake Land Boulevard presents the opportunity to acquire a single-tenant net leased retail asset occupied by Advance Auto Parts, a nationally recognized automotive aftermarket retailer with approximately 4,700 locations across North America. The property was purpose-built for the tenant in 2015 and has operated continuously as an Advance Auto Parts location since opening, demonstrating a sustained commitment to the Mattoon market.
The asset is fully occupied under a corporate lease with more than four years remaining in the primary term, expiring August 31, 2030. The lease includes three five-year renewal options, each featuring approximately 5% rental increases, providing investors with a contractual mechanism for future income growth. The lease structure is NNN, with the tenant responsible for taxes, insurance, common area maintenance, and utilities, while the landlord's responsibilities are limited to structure and foundation.
Located along Lake Land Boulevard, one of Mattoon's primary commercial corridors, the property benefits from visibility, direct access, and proximity to established retail, service, and commercial businesses. Mattoon serves as a regional commercial center for Coles County and surrounding communities, supporting consistent consumer activity and providing a broad customer base for automotive retail operations.
Additional real estate fundamentals include commercial (C-3) zoning, approximately 33 parking spaces, a clean Phase I Environmental Report, an ALTA survey, and no reported flood zone concerns. Combined with the tenant's operating history and long-term lease structure, the property offers investors a stabilized single-tenant retail investment with contractual income and limited management requirements.