loader
Join Free
Views: 23 DOM: 28 Updated: 09.12.24 Posted: 08.21.24 Status: Active

Summary

Price $1,637,948
Built/Renov 2007
Tenant Advance Auto Parts
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,000
Lease Start 11-16-2006
#Units 5,105
Price/SF $233.99
Expiration 11-30-2026
Tenant Type Automotive
NOI $126,941
R. Term 2.2
Ownership Fee Simple
Rent/SF $18.13
Increases 5.0%/1/yrs
Pop 5Mi 232,134
Lot/AC 0.64
Options 2/5yrs/5%
AHHI 5Mi $60,681

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2006
  • The tenant has 2+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 5% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease

Location Description

Advance Auto Parts is strategically located at the signalized, hard corner intersection of SW 29th Street and S Robinson Avenue, with access to a combined daily traffic count of 24,203 vehicles. The property benefits from multiple points of entry and is situated just 2 miles from the Myriad Botanical Gardens, which attracts over 1,000,000 visitors annually. The immediate area features...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity