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| Price $1,213,000 | Built/Renov 2005 | Tenant Advance Auto Parts |
| Cap Rate 6.50% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
7,000
| Lease Start
03-28-2005
| #Units
5,105
|
| Price/SF $173.29 | Expiration
12-31-2029
| Tenant Type Automotive |
| NOI $78,840 | R. Term 5.1 | Ownership Fee Simple |
| Rent/SF
$11.26
| Increases 10.0%/7/yrs | Pop 5Mi 324,367 |
| Lot/AC 0.82 | Options 3/5yrs/10% | AHHI 5Mi $48,253 |
| | |
Advance Auto Parts is strategically located along Broadway Avenue with clear visibility and access to 18,400 vehicles passing by daily. Interstate 77 is also in close proximity to the site which sees more than 106,000 VPD. The subject property is near many national/credit tenants including CVS, Wendy’s, PNC Bank, Save a Lot, and many more. The 5-mile trade area is supported by a dense...
...In location for years
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Long operation history
Recently extended lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,697 | 96,187 | 323,929 |
| 2023 Total Population : | 11,948 | 97,549 | 325,742 |
| 2023 Employed Civilian Pop : | 4,314 | 36,477 | 143,575 |
| 2023 Total Businesses : | 384 | 2,730 | 14,287 |
| 2023 Average Household Income : | $ 40,907 | $ 46,465 | $ 67,489 |
| 2023 Total Consumer Spending : | $ 182 M | $ 1752 M | $ 8669 M |
| 2023 Median Age : | 35 | 37 | 38 |
| 2023 Total Households : | 5,032 | 42,622 | 146,433 |
| 2023 Pop Age 25+: Bachelor's Degree : | 469 | 5,600 | 34,081 |
| 2023 Average Home Value : | $ 102,337 | $ 130,738 | $ 178,204 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
