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.
CHICAGO, IL, June 12, 2019 /24-7PressRelease/ — 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.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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