B+E, the first brokerage and technology platform for net lease real estate, today announced that the Advance Auto Parts property at 3016 W Peterson Ave, Chicago, is for sale for $2.4 million.
The building is +/- 7,040 SF on +/- 0.43 acres of land and includes parking. The property carries a cap rate of 5.85% with a remaining term of 8 years and 8 months. “Advance Auto Parts is a $9.5 billion leader in the auto parts market,” said Tim Hain with B+E. “There are over 400,000 people within 3-miles of the property and over two million residents living within a 10-mile radius of the property.” Notable surrounding tenants include Walgreens, Bank of America, Starbucks, Target, T.J. Maxx, Chipotle Mexican Grill and Potbelly Sandwich Shop. For more information, contact Tim Hain at [email protected] or go to www.benetlease.com.