Auto Parts
AutoZone
5415 N Harlem Ave, Chicago, IL 60656
Listing Price: $1,907,760
Investment Overview
Marcus & Millichap is pleased to offer for sale an AutoZone ground-leased property in prime Chicago, IL.
This single-story ±6,778 SF freestanding AutoZone was built in 2010 on a ±0.53 AC lot with 25+ parking spaces and is located at 5415 N Harlem Ave in Chicago, Illinois (Cook County). The property is positioned in Norwood Park, a stable, family-oriented infill submarket known for tree-lined streets and strong community—supporting long-term residual value and downside protection. The site is approximately 4 miles from Chicago O’Hare International Airport, a major economic engine that reinforces long-term demand drivers. Area fundamentals are exceptional, with nearly 579,500 residents within a 5-mile radius and average household income of approximately $103,550. The property is surrounded by national retailers including 7-Eleven, Starbucks, Wendy’s, Popeyes, Dunkin’, Bank of America, Raising Cane’s, Chick-fil-A, Jewel-Osco, Walgreens, ALDI, Marshall’s, Burlington, and more. The asset also benefits from strong visibility along N Harlem Ave (30,450+ VPD) near I-90 (209,100+ VPD).
AutoZone
Investment Highlights
- IRREPLACEABLE CHICAGO REAL ESTATE – Prime infill location in Norwood Park, a stable, family-oriented area known for tree-lined streets and strong community—supporting long-term residual value.
- AFFLUENT, DENSE DEMOGRAPHICS – Nearly 579,500 residents within 5 miles and $103,550 average household income ensuring long-term real estate value.
- EXCELLENT CHICAGO LOCATION / HIGH TRAFFIC COUNTS – Positioned on N Harlem Ave (30,450+ VPD) near I-90 (209,100+ VPD) with outstanding visibility, access, and commuter traffic exposure.
- LOW-RENT DEAL / ATTRACTIVE PRICE POINT – A lower-rent basis provides an accessible investment profile and aligns well with private and 1031 exchange buyer criteria.
- HANDS-OFF INVESTMENT OPPORTUNITY – Absolute Triple Net (NNN) ground lease structure with zero landlord responsibilities, providing passive cash flow and simplified ownership.
- INVESTMENT-GRADE TENANT (S&P: BBB) – AutoZone (NYSE: AZO) is a leading national auto parts retailer with strong brand recognition and durable aftermarket demand.
- DENSE NATIONAL RETAIL CORRIDOR – Surrounded by national retailers including Starbucks, Chick-fil-A, Raising Cane's, Walgreens, ALDI, Jewel-Osco, Dunkin', Wendy's, Popeyes, Marshall's, Burlington, and many more.
- O'HARE INTERNATIONAL AIRPORT PROXIMITY – Approx. 4 miles from Chicago O'Hare International Airport, a major economic engine that reinforces long-term demand drivers and real estate value.
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Listing Price: $1,907,760
Investment Highlights
- IRREPLACEABLE CHICAGO REAL ESTATE – Prime infill location in Norwood Park, a stable, family-oriented area known for tree-lined streets and strong community—supporting long-term residual value.
- AFFLUENT, DENSE DEMOGRAPHICS – Nearly 579,500 residents within 5 miles and $103,550 average household income ensuring long-term real estate value.
- EXCELLENT CHICAGO LOCATION / HIGH TRAFFIC COUNTS – Positioned on N Harlem Ave (30,450+ VPD) near I-90 (209,100+ VPD) with outstanding visibility, access, and commuter traffic exposure.
- LOW-RENT DEAL / ATTRACTIVE PRICE POINT – A lower-rent basis provides an accessible investment profile and aligns well with private and 1031 exchange buyer criteria.
- HANDS-OFF INVESTMENT OPPORTUNITY – Absolute Triple Net (NNN) ground lease structure with zero landlord responsibilities, providing passive cash flow and simplified ownership.
- INVESTMENT-GRADE TENANT (S&P: BBB) – AutoZone (NYSE: AZO) is a leading national auto parts retailer with strong brand recognition and durable aftermarket demand.
- DENSE NATIONAL RETAIL CORRIDOR – Surrounded by national retailers including Starbucks, Chick-fil-A, Raising Cane's, Walgreens, ALDI, Jewel-Osco, Dunkin', Wendy's, Popeyes, Marshall's, Burlington, and many more.
- O'HARE INTERNATIONAL AIRPORT PROXIMITY – Approx. 4 miles from Chicago O'Hare International Airport, a major economic engine that reinforces long-term demand drivers and real estate value.
Investment Overview
Marcus & Millichap is pleased to offer for sale an AutoZone ground-leased property in prime Chicago, IL. This single-story ±6,778 SF freestanding AutoZone was built in 2010 on a ±0.53 AC lot with 25+ parking spaces and is located at 5415 N Harlem Ave in Chicago, Illinois (Cook County). The property is positioned in Norwood Park, a stable, family-oriented infill submarket known for tree-lined streets and strong community—supporting long-term residual value and downside protection. The site is approximately 4 miles from Chicago O’Hare International Airport, a major economic engine that reinforces long-term demand drivers. Area fundamentals are exceptional, with nearly 579,500 residents within a 5-mile radius and average household income of approximately $103,550. The property is surrounded by national retailers including 7-Eleven, Starbucks, Wendy’s, Popeyes, Dunkin’, Bank of America, Raising Cane’s, Chick-fil-A, Jewel-Osco, Walgreens, ALDI, Marshall’s, Burlington, and more. The asset also benefits from strong visibility along N Harlem Ave (30,450+ VPD) near I-90 (209,100+ VPD).
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
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