Advance Auto Parts | New 10-Year Lease Extension
Advance Auto Parts | New 10-Year Lease Extension
Marketing description
CBRE is pleased to present the exclusive opportunity to acquire a single-tenant Advance Auto Parts. This freestanding retail asset is strategically positioned along a high-traffic corridor in Chicago’s West Side, offering excellent visibility, signalized intersection access, and proximity to major arterial roads.
The property is surrounded by a dense urban population of 386,491 residents within a 3-mile radius, supporting strong retail performance and consistent consumer demand. Advance Auto Parts has operated successfully at this location for several years and recently extended its lease, demonstrating a continued commitment to the site. The absolute net lease structure provides passive ownership with minimal landlord responsibilities, making this an ideal acquisition for investors seeking durable cash flow, long-term tenancy, and a nationally recognized brand in a major metropolitan market.
Investment highlights
Advance Auto Parts has recently extended its lease, demonstrating long-term commitment to the location and providing stable, predictable cash flow.
Passive investment structure with minimal landlord responsibilities, ideal for investors seeking low-management assets.
Located in a densely populated area with 386,491 residents within a 3-mile radius, supporting strong retail demand and foot traffic.
Positioned at a signalized intersection along W Madison Street, offering excellent visibility, access, and exposure to over 16,000 vehicles per day.
Located within the Chicago metropolitan area—one of the largest and most economically diverse markets in the U.S.
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