Property details

Advance Auto Parts, Southeast Region

Property Description

The subject property is 45 minutes north of a major city and is located near a Winn Dixie, a Bealls, and a SunTrust Bank. The site is off of a major Interstate and another major Road. There has been considerable growth in the area and the Road is the major artery for the city.

For 75 years, Advance Auto Parts has been a leader in the automotive aftermarket industry in parts availability, price, and customer service. But more than anything, the Company values the hard work, dedication, and commitment of its Team Members. Today more than 43,000 Team Members have committed themselves to bigger and brighter futures as Advance Auto Parts celebrates opening 3,000 stores and 75 years of business. The company sells automotive parts, accessories, batteries and maintenance items and gives customers access to thousands of parts that are available on a same-day or overnight basis at “ready-to-go” low prices. Our stores’ primary customer is the “Do-it-yourselfer” (DIY), but we also serve the professional installer market “Do-it-for-me” or (DIFM).

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Highlights

Status:
Available
Price:
$2,033,437
PSF:
$290
Cap Rate:
6.75%
Annual Rent:
$137,257
Rent Increases:
Yes
 

Property Information

Building Size:
7,000 sq.ft.
Property Type:
Net Lease
Industry Type:
Auto Parts - Repair
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Advance Auto Parts
Lease Type:
NNN
Lease Commencement:
11/13/2007
Lease Expiration:
11/15/2022
Lease Term:
15 years
Years Remaining:
13 years
Landlord Responsibilities:
None
Options:
(3) 5yr Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.