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32196219
32196234

4625 South Pulaski Road, Chicago, IL 60632 For Sale

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$2,020,000
64 days on market
Updated 64 days ago

Advance Auto Parts - Chicago, IL

Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 6,974
Cap Rate 8%
NOI $161,564
Occupancy 100%
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NN
Lease Term 25.5
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2004
Acreage 0.500
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/26/2005
Ground Lease No
Ownership Fee Simple

NYSE: AAP | Recent 5-Year Lease Extension | 767,000+ People in 5-Miles

Investment highlights

Corporate Guaranty (NYSE: AAP)

  • Advance Auto Parts is a NYSE listed company (AAP) with a market capitalization of approximately $3.5 billion, providing a transparent financial reporting profile, audited SEC filings, and public accountability not available with private operators.
  • Advance Auto Parts is one of the four largest automotive aftermarket parts retailers in North America, competing alongside AutoZone, O’Reilly, and NAPA, with a nationwide footprint exceeding 4,300 company operated locations and hundreds of independently owned Carquest locations.
  • The company serves both DIY consumers and professional installers (commercial/DIFM segment), providing diversified demand channels and higher frequency customer relationships than pure DIY formats.

Durable Brand with Nearly 100-Year Operating History

  • Founded in 1929, Advance Auto Parts has operated through multiple recessions, fuel shocks, retail cycles, and technological shifts—an operating history few retailers can match.
  • Brand longevity, professional installer relationships, and integrated supply chain infrastructure create meaningful barriers to entry for new competitors.

Recent 5-Year Lease Extension with 20+ Year Operating History

  • Advance Auto Parts has over 5 years remaining on a recently extended 5-year lease.
  • The lease includes 5.00% rent increases every 5 years and three, five-year options to renew.

Over $1,419,000,000 Spent on Transportation & Maintenance in a 5-Mile Radius

  • Fixed costs (buying, insuring, and maintaining a car) account for roughly three-quarters of total automobile expenses.
  • Consumer spending on transportation and maintenance within a 5-mile radius is a vital driver of local economic health, as nearly 90% of all public transit trips directly impact the local economy.

Chicago – 3rd Largest City in the United States

  • Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana.
  • The metro has one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-technology sectors.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,564.00
$13,463.67/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Title
Broker of Record
Name
Dominic Sulo
License
IL 475.134920
Brokerage Phone
630-570-2171
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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