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Advance Auto Parts 5001 W Madison St 7,000 SF Retail Building Chicago, IL 60644 $2,254,755 ($322.11/SF) 6.75% Cap Rate
Investment Highlights
- Located in a densely populated part of Chicago
- Top performing location on Placer.ai ranking in the 84th percentile in Illinois
- Proven successful location with a 20 year operating history
- Long-term lease with 10+ years remaining
- Advance Auto Parts is committed to the property evidenced by a recent early lease extension
- Extremely densely populated area with over 40,000 people living within one mile
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2006
Price
$2,254,755
Price Per SF
$322.11
Cap Rate
6.75%
NOI
$152,196
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.52 AC
Zoning
C2-2
Parking
20 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts began in 1932 and grew into an automotive aftermarket parts provider serving professional installers and do-it-yourself customers. The company offers parts, accessories, and related shopping support through retail stores, Carquest-branded independent locations, and digital channels that support maintenance, repair, and performance needs. Advance Auto Parts maintains a broad North American market presence, with stores primarily in the United States and additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-16-201-020-0000 | Improvements Assessment | $108,849 |
| Land Assessment | $73,652 | Total Assessment | $182,501 |
Property Taxes
Parcel Number
16-16-201-020-0000
Land Assessment
$73,652
Improvements Assessment
$108,849
Total Assessment
$182,501
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