Advance Auto Parts For
For Sale
Contact for pricing
2075 Bloomingdale Rd, Glendale Heights, IL 60139
Advance Auto Parts in Glendale Heights, Illinois for sale.
Property Size7,000 SF
Price / SF$246.39
Days on Market182
Property Features for 2075 Bloomingdale Rd
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Net Operating Income
$107,796
Building Details
Year Built
2004
Buildings
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Jack Collins · License #475.204707
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 19 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is an Advance Auto Parts located at 2075 Bloomingdale Road in Glendale Heights, Illinois. Constructed in 2004, Advance Auto Parts has been at this location for 21 years and has extended their lease twice. The tenant has just under 4 years of term remaining followed by three 5-year renewal options. The lease includes a 22.7% rent increase at the start of the first option period, with 5% rent increases at the start the second and third options. The property is positioned along Bloomingdale Road, the primary north-south retail and commuter route through Glendale Heights. It benefits from visibility and access at the Bloomingdale Road entrance of a Home Depot, allowing it to capture traffic flowing into and out of the shopping center. The site is surrounded by a mix of national retailers, service providers, and restaurants that generate consistent daily traffic and is located near the intersection of Bloomingdale Road and Army Trail Road, minutes from Interstate 355. Surrounded by established residential neighborhoods, the property draws from a dense and stable customer base and is near major employers, schools, and community amenities. Glendale Heights is a far west suburb of Chicago, roughly 25 miles from downtown and 10 miles from O’Hare International Airport. The property size is 7,000 square feet.
Key Highlights
- Established tenant (Advance Auto Parts) with a 21‑year operating history, demonstrating commitment.
- Attractive 22.7% rent increase at the start of the first 5‑year renewal option.
- Strong visibility and access on Bloomingdale Road**, benefiting from co‑location with a Home Depot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,943,220
$1.9M
Cap Rate 7%
$1,388,014
$1.4M
Cap Rate 9%
$1,079,567
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$151.2K $21.60/SF
− Vacancy
−$12.4K −$1.77/SF
EGI
$138.8K $19.83/SF
− OpEx
−$41.6K −$5.95/SF
NOI
$97.2K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,943,220
Cap Rate 7%
$1,388,014
Cap Rate 9%
$1,079,567
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 5.63%
Second Best
Industrial
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 1.75%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,175 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
271k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 25%
Groceries 23%
Home Improvements & Furnishings 13%
Jewel-Osco
Groceries
51,779 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
32,768 visits/mo
0.1 miles
McDonald's
Dining
25,430 visits/mo
0.2 miles
Chase Bank
Shops & Services
20,112 visits/mo
0.3 miles
Shell
Shops & Services
14,375 visits/mo
0.2 miles
Demographics for 60139, IL
33,196
Population
11,882
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
6,036
Density / Sq Mi
$81,996
Median Household Income
$41,752
Median Earnings
$1,558
Median Rent
$249,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Advance Auto Parts in Glendale Heights, Illinois for sale.
Where is this auto shop located?
The property is located at 2075 Bloomingdale Rd Glendale Heights, IL.
What is the asking price?
The asking price for this property is $1,724,735.
What are key features of this property?
This property features: Established tenant (Advance Auto Parts) with a 21‑year operating history, demonstrating commitment.; Attractive **22.7% rent increase** at the start of the first 5‑year renewal option.; Strong visibility and access on Bloomingdale Road**, benefiting from co‑location with a Home Depot.
