Advance Auto Parts | Chicago, IL

INVESTMENT GRADE CORPORATE LEASE
Advance Auto Parts has an investment grade credit rating of BBB- from Standard and Poor's and Baa2 from Moodys. The company’s total 2018 revenue was $9.5 billion and $423 million in net income exemplifying their strong foothold in the auto parts market.

NET LEASE ASSET IN CORE MARKET
The subject property is located in the Chicago MSA which is home to over 9.5 million residents. Additionally, many of the on-market Advance Auto Parts locations are in tertiary markets, making this a rare investment opportunity.

DENSELY POPULATED AREA
There are 444,603 people within 3-miles of the property. Additionally, there are over 2 million residents living within a 10-mile radius of the subject property. In this area there is on average one vehicle per household, which totals an estimated 1 million vehicles within a 10-mile radius.

RECESSION PROOF INVESTMENT
Auto parts stores historically perform well in all phases of the market cycle due to unwavering demand credited to the 281.9 million vehicles on the road in the United States. On average American’s drive 12,000 miles each year and spend 1.5% of their household income on car repairs for two vehicles.

STRONG SURROUNDING TENANT MIX
Notable surrounding tenants include: Walgreens, Bank of America, Starbucks, Target, T.J. Maxx, Chipotle Mexican Grill, and Potbelly Sandwich Shop.

HIGH TRAFFIC LOCATION WITH GREAT VISIBILITY
Site is located only 10-miles north of the Chicago loop and experiences daily traffic counts of 37,944 along W Peterson Ave and 29,589 along N Lincoln Ave.