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Views: 24 DOM: 27 Updated: 09.12.24 Posted: 08.20.24 Status: Active

Summary

Price $1,067,987
Built/Renov 1994
Tenant Advance Auto Parts
Cap Rate 7.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,075
Lease Start 07-08-1994
#Units 5,105
Price/SF $132.26
Expiration 10-31-2027
Tenant Type Automotive
NOI $82,769
R. Term 3.1
Ownership Fee Simple
Rent/SF $10.25
Increases 7.0%/2/yrs
Pop 5Mi 26,072
Lot/AC 1.18
Options 2/5yrs/7%
AHHI 5Mi $95,021

Lease Highlights

  • Advance Auto Parts has been operating in this location since 1994
  • The tenant has 3+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7% rental escalations at the start of each option period
  • Corporate guaranteed lease (NYSE: AAP)

Location Description

Advance Auto Parts is strategically located on Ball Street, with access to 16,547 vehicles passing by daily. The property is situated less than 3 miles from the Georgia National Fairgrounds & Agriculture Center, which hosts the Georgia National Fair and draws over 500,000 visitors annually. The immediate area features well-known national tenants such as Walmart, Kroger, Tractor Supply Co.,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider that serves both professional installers and do-it-yourself (DIY) customers. Advance is a publicly traded...


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Listing Broker

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