Marcus & Millichap Facilitates $2.35M Sale Of NAPA Auto Parts-Anchored Retail Center In Plainfield, Illinois

An NAPA Auto Parts-anchored retail center in Plainfield, Illinois has been sold for $2.35 million, according to the brokerage firm Marcus & Millichap. The transaction took place within three months of listing and the property was sold for 96% of the asking price. The retail center, located at 2317 Illinois Rte 59, is a four-tenant property that became fully occupied after NAPA Auto Parts took over a vacant space in late 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,350,000
• Date: 05/09/2023
• Address: 2317 Illinois Rte 59
• Market: Plainfield

Mitchell Kiven of Marcus & Millichap facilitated the sale of the retail center in Plainfield. As the broker representative, Mitchell Kiven played a crucial role in successfully closing the deal. The NAPA Auto Parts-anchored retail center proved to be an attractive investment opportunity, attracting a buyer willing to pay almost the full asking price.