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Auto Parts

Advance Auto Parts

6714 S Western Ave, Chicago, IL 60636

Listing Price: $1,916,667

Cap Rate
6.00%
Tenant Name
Advance Stores Company, Inc.
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.43

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 6714 South western Avenue, Chicago, Illinois. The site consists of roughly 7,000 rentable square feet of building space on estimated 0.56-acre parcel of land. This Advance Auto Parts is subject to a newly extended 10-year modified triple-net (NNN) lease, which commences January 1st, 2023. The current annual rent is$115,000 and is scheduled to increase by approximately 7.5% every 5 years in each of the 4, 5-year renewal options.

Investment Highlights

  • Newly Extended 10-Year Modified Triple Net (NNN) Lease
  • Approximately 10 Years Remaining
  • ~7.50% Rental Increases Occurring in Each Option

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Auto Parts

Advance Auto Parts

Listing Price: $1,916,667

Cap Rate
6.00%
Tenant Name
Advance Stores Company, Inc.
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.43

Investment Highlights

  • Newly Extended 10-Year Modified Triple Net (NNN) Lease
  • Approximately 10 Years Remaining
  • ~7.50% Rental Increases Occurring in Each Option

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 6714 South western Avenue, Chicago, Illinois. The site consists of roughly 7,000 rentable square feet of building space on estimated 0.56-acre parcel of land. This Advance Auto Parts is subject to a newly extended 10-year modified triple-net (NNN) lease, which commences January 1st, 2023. The current annual rent is$115,000 and is scheduled to increase by approximately 7.5% every 5 years in each of the 4, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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