August 11, 2025 – Jack Collins of Horvath & Tremblay has successfully completed the sale of an Advance Auto Parts in Springfield, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $832,600.
Advanced Auto Parts is located at 2721 S Grand Avenue E in Springfield, Illinois. Constructed in 2003, Advance Auto Parts has been at this location for 21 years and recently extended their lease, demonstrating their commitment to the site and the market. Advance Auto Parts has 8+ years remaining on their NN lease with two (2), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. Advance Auto Parts is strategically located on S Grand Ave E, down the street from the junction of Interstates 55 and 72. The area features a strong presence from the auto industry, with a large number of auto dealerships and auto service providers offering excellent synergy with Advance Auto Parts. There are a number of municipal offices in the immediate area as well as a strong industrial presence, notably the Springfield Pepsi-Cola bottling distribution center, providing for a healthy employee presence. Additionally, the Property is 1-mile from Interstates 55 and 72, 0.5-miles from Illinois Route 29 and 1.5-miles from Illinois Route 97.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.