Advance Auto Parts Nyse Aap Recent 5Year Lease… — Sale in Chicago, IL

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

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 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 8.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 85 days. Compare it against other retail listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago retail market showed average asking rents near $22.27/SF/yr, and cap rates around 8.2%. Source: multiple brokerage reports, Q1 2026.

Its 8.0% asking cap rate is in line with the Chicago retail market average of about 8.2%.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 8.2% as of Q1 2026, per multiple brokerage reports.

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