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Views: 113 DOM: 141 Updated: 11.26.24 Posted: 07.15.24 Status: Active

Summary

Price $553,000
Built/Renov 1985
Tenant Advance Auto Parts
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,208
Lease Start 07-30-2010
#Units 5,105
Price/SF $45.30
Expiration 06-30-2034
Tenant Type Automotive
NOI $34,550
R. Term 9.7
Ownership Fee Simple
Rent/SF $2.83
Increases 3.0%/9/yrs
Pop 5Mi 89,149
Lot/AC 0.73
Options 6/5yrs/3%
AHHI 5Mi $79,346

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2010
  • The tenant has 9+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 3% rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Advance Auto Parts is strategically located on East Main Street, with access to 27,400 vehicles passing by daily. The property is situated 1.4 miles from I-77 (76.4K VPD) and 1.3 miles from downtown Rock Hill. The immediate area boasts over 2,500 homes and well-known national tenants including Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles, and more. The 5-mile trade area supports...

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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 : 6,077 43,662 96,850
2024 Total Population : 5,840 41,135 91,229
2024 Employed Civilian Pop : 2,602 19,627 45,198
2024 Total Businesses : 292 1,879 3,529
2024 Average Household Income : $ 63,059 $ 72,688 $ 87,073
2024 Total Consumer Spending : $ 140 M $ 1053 M $ 2869 M
2024 Median Age : 39 35 37
2024 Total Households : 2,480 16,288 37,247
2024 Pop Age 25+: Bachelor's Degree : 456 4,213 12,857
2024 Average Home Value : $ 211,883 $ 268,165 $ 330,105
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Main Street Gladstone Ct 2022 4,600 0.16 mi
East Main Street S Wood St 2021 4,000 0.16 mi
East Black Street S Workman St 2021 5,400 0.18 mi
Flint Street Albright Rd 2022 1,500 0.24 mi
East Main Street Main St E 2021 25,000 0.34 mi
East Main Street Cowan Farm Rd 2022 26,100 0.34 mi
E Black St Porter Rd 2017 2,900 0.36 mi
East Black Street Porter Rd 2022 2,900 0.39 mi
E Black St Keels Ave 2012 6,100 0.54 mi
East White Street N Jones Ave 2022 7,300 0.56 mi

Listing Broker

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