Chicago Advance Auto Parts property for sale for $2.4 million

CHICAGO, IL – B+E, the first brokerage and technology platform for net lease real estate, announced that the Advance Auto Parts property at 3016 W Peterson Ave, Chicago, is for sale for $2.4 million.

The building is +/- 7,040 SF on +/- 0.43 acres of land and includes parking.  The property carries a cap rate of 5.85% with a remaining term of 8 years and 8 months.

Tim Hain

“Advance Auto Parts is a $9.5 billion leader in the auto parts market,” said Tim Hain with B+E.  “There are over 400,000 people within 3-miles of the property and over two million residents living within a 10-mile radius of the property.”

 Notable surrounding tenants include Walgreens, Bank of America, Starbucks, Target, T.J. Maxx, Chipotle Mexican Grill and Potbelly Sandwich Shop.

Contacts:

Tim Hain

THain@benetlease.com 

www.benetlease.com

John Vita

John Steven Vita Communications

John.vita@jsvcom.com

847/853-8283