Advance Auto Parts | NYSE: AAP | Recent 5-Year Lease… — Sale in South Chicago Heights, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: South Chicago Heights, IL 60411

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present an Advance Auto Parts located in South Chicago Heights, IL (Chicago MSA). Investment Highlights: • Corporate Guaranty (NYSE: AAP) • Durable Brand with Nearly 100-Year Operating History • Recent Five-Year Lease Extension with Over 20 Year Operating History • Over $342,000,000 Spent on Transportation & Maintenance in a Five-Mile Radius • Chicago MSA (Over 9,400,000 People)

Market Context

This retail in South Chicago Heights, IL is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 86 days. Compare it against other retail listings for sale in South Chicago Heights, IL — view the full market.

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