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

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60632

Photos

Advance Auto Parts | NYSE: AAP | Recent 5-Year Lease… — Sale in Chicago, IL, photo 1 of 3
Advance Auto Parts | NYSE: AAP | Recent 5-Year Lease… — Sale in Chicago, IL, photo 2 of 3
Advance Auto Parts | NYSE: AAP | Recent 5-Year Lease… — Sale in Chicago, IL, photo 3 of 3

Investment Figures

Cap rate
8.25%

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 Chicago, IL. Investment Highlights: • Corporate Guaranty (NYSE: AAP) • Durable Brand with Nearly 100-Year Operating History • Recent Five-Year Lease Extension with 20 Plus Year Operating History • Over $1,419,000,000 Spent on Transportation & Maintenance in a Five-Mile Radius • Chicago – Third Largest City in the United States

Market Context

This retail in Chicago, IL is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Chicago, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Its 8.2% asking cap rate is above the Chicago retail market average of about 7.9%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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