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Views: 50 DOM: 87 Updated: 11.11.24 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 2.11
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 2+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7% rental increases 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,913 16,791 27,148
2024 Total Population : 3,719 15,833 25,411
2024 Employed Civilian Pop : 1,287 6,459 11,443
2024 Total Businesses : 388 663 742
2024 Average Household Income : $ 63,439 $ 83,255 $ 93,630
2024 Total Consumer Spending : $ 85 M $ 462 M $ 811 M
2024 Median Age : 38 39 39
2024 Total Households : 1,505 6,267 9,852
2024 Pop Age 25+: Bachelor's Degree : 364 1,738 2,950
2024 Average Home Value : $ 199,541 $ 249,804 $ 283,156
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sam Nunn Boulevard Walcott St 2019 11,800 0.13 mi
Ball St Nolan St 2005 3,650 0.18 mi
Washington Street Carey St 2019 6,140 0.19 mi
Wf Ragin Drive Elm St 2019 3,350 0.33 mi
Ball Street Carey St 2019 3,380 0.35 mi
Perimeter Road Perimeter Cir 2019 7,360 0.38 mi
Sam Nunn Blvd Hampton Ct 2005 17,290 0.42 mi
Washington St Northside Dr 2005 5,680 0.44 mi
Macon Road Northside Dr 2019 6,770 0.49 mi
Sam Nunn Blvd 2019 3,640 0.50 mi

Listing Broker

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