Single-Tenant Automotive
For Sale
Contact for pricing
5001 W MADISON ST, Chicago, IL 60644
Freestanding automotive retail building with an absolute net lease and a recently extended tenant commitment.
Property Size7,000 SF
Price / SF$322.11
Days on Market47
Property Features for 5001 W MADISON ST
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$152,196
Additional Details
Road Access
Yes
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group - Denver
(407) 839-3123
Listed By:
Zach Wright · License #IL 475164965
Source:
Crexi
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 8:18PM
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 The Boulder Group - Denver
Investment Insights
Based on property information with market context.
This freestanding automotive retail property contains 7,000 square feet and was built in 2004. Advance Auto Parts occupies the building as the sole tenant under an absolute net lease, and the lease has been extended for 10 years. The property is zoned Commercial and provides a single-tenant configuration with limited landlord responsibilities under the stated lease structure.
Located at 5001 W Madison St in Chicago, the site has access at a signalized intersection and sits near major arterial roads. The surrounding area includes 386,491 residents within a 3-mile radius, placing the property within an established urban retail setting.
Located at 5001 W Madison St in Chicago, the site has access at a signalized intersection and sits near major arterial roads. The surrounding area includes 386,491 residents within a 3-mile radius, placing the property within an established urban retail setting.
Key Highlights
- 7,000 SF freestanding automotive retail building
- Single‑tenant Advance Auto Parts occupancy
- Absolute net lease structure
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
$96,844
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
4.30%
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%
$1,936,880
$1.9M
Cap Rate 7%
$1,383,486
$1.4M
Cap Rate 9%
$1,076,044
$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
−$12.9K −$1.84/SF
EGI
$138.3K $19.76/SF
− OpEx
−$41.5K −$5.93/SF
NOI
$96.8K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
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%
$1,936,880
Cap Rate 7%
$1,383,486
Cap Rate 9%
$1,076,044
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$627.1K
$548.7K – $731.6K
NOI $43,897 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,034 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Electronics 8%
McDonald's
Dining
23,692 visits/mo
0.2 miles
BP
Shops & Services
10,560 visits/mo
0.3 miles
Mobil
Shops & Services
9,148 visits/mo
0.4 miles
AutoZone
Shops & Services
5,310 visits/mo
0.5 miles
U.S. Bank
Shops & Services
4,946 visits/mo
0.1 miles
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding automotive retail building with an absolute net lease and a recently extended tenant commitment.
Where is this automotive property located?
The property is located at 5001 W MADISON ST Chicago, IL.
What is the asking price?
The asking price for this property is $2,254,755.
What are key features of this property?
This property features: 7,000 SF freestanding automotive retail building; Single‑tenant Advance Auto Parts occupancy; Absolute net lease structure
