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| Price $1,683,853 | Built/Renov 1990 | Tenant Advance Auto Parts |
| Cap Rate 7.50% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
6,895
| Lease Start
06-30-2006
| #Units
5,105
|
| Price/SF $244.21 | Expiration
04-30-2029
| Tenant Type Automotive |
| NOI $126,289 | R. Term 4.5 | Ownership Fee Simple |
| Rent/SF
$18.32
| Increases 5.0%/4/yrs | Pop 5Mi 234,107 |
| Lot/AC 0.52 | Options 3/5yrs/5% | AHHI 5Mi $86,774 |
| | |
Advance Auto Parts is strategically located at the signalized, hard corner intersection of East New Circle Road and Woodhill Drive, a major thoroughfare with a substantial combined daily traffic count of 52,050 vehicles. The property is situated less than five miles from the University of Kentucky, which enrolls over 30,000 students. The immediate area is home to well-known national tenants,...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strong demographics
Major MSA
Long operation history
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
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 | |
| 2029 Total Population : | 12,581 | 108,096 | 234,995 |
| 2024 Total Population : | 12,787 | 107,920 | 234,157 |
| 2024 Employed Civilian Pop : | 7,197 | 55,776 | 121,749 |
| 2024 Total Businesses : | 704 | 6,400 | 12,341 |
| 2024 Average Household Income : | $ 71,885 | $ 98,683 | $ 94,735 |
| 2024 Total Consumer Spending : | $ 383 M | $ 4042 M | $ 8486 M |
| 2024 Median Age : | 33 | 35 | 35 |
| 2024 Total Households : | 5,976 | 46,411 | 101,373 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,921 | 20,226 | 42,721 |
| 2024 Average Home Value : | $ 384,022 | $ 421,421 | $ 372,072 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| SE New Cir Rd | 2022 | 3,620 | 0.20 mi | |
| CODELL DR | 2021 | 5,559 | 0.22 mi | |
| Butternut Hill Ct | 2022 | 5,295 | 0.22 mi | |
| East New Circle Road | Palumbo Dr | 2022 | 44,124 | 0.27 mi |
| Richmond Rd | Lake PkRd | 2014 | 28,374 | 0.28 mi |
| Richmond Rd | 2022 | 3,718 | 0.28 mi | |
| St Mathilda Dr | 2022 | 2,368 | 0.31 mi | |
| US 25;US 421 | Richmond Rd | 2022 | 23,131 | 0.31 mi |
| Richmond Rd | Richmond Srd | 2007 | 53,023 | 0.41 mi |
| Richmond Rd | 2022 | 7,575 | 0.43 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
