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1200 W Chicago Ave
East Chicago, IN 46312
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- 10+YR Advance Auto Parts Located in Northwest Indiana, Within the Chicago MSA
- Ranked in the Top 20 Percent of Advance Auto Stores in the State of Indiana, per Placer.AI
- Advance Auto Parts Maintains a “BB+” Credit Rating From Standard & Poor’s
- Despite headlines about Advance Auto Parts closing stores, tenant affirmatively extended their lease an additional 5 years at the beginning of 2025
- Priced at a 7.4 Percent CAP Rate — an Above-Market Return for Comparable Properties With Similarly Limited Landlord Responsibilities
- 15.5 Percent Rent Increase in the First Renewal Option
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,831 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.52 AC
Parking
34 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
150’ on W Chicago Ave
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 45-03-29-303-006.000-024 | Improvements Assessment | $990,100 |
| Land Assessment | $142,600 | Total Assessment | $1,132,700 |
Property Taxes
Parcel Number
45-03-29-303-006.000-024
Land Assessment
$142,600
Improvements Assessment
$990,100
Total Assessment
$1,132,700
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