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ELIZABETH, N.J. — Marcus & Millichap has arranged the sale of a 7,000-square-foot Advance Auto Parts location for $3.13 million. The property is located at 619 Newark Ave. in Elizabeth. It is occupied by Advance under a 15-year, triple-net lease with three 5-year options. Brad Nathanson of Marcus & Millichap brokered the deal on behalf of the seller, a limited liability company. Jimmy Slusher and Jack Hopkins of Marcus & Millichap's Newport Beach, Calif., office represented the buyer, a private investor participating in a 1031 exchange.