loader
Join Free
Views: 83 DOM: 127 Updated: 11.11.24 Posted: 08.16.24 Status: Active

Summary

Price $726,667
Built/Renov 1999
Tenant Advance Auto Parts
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,000
Lease Start 12-04-1998
#Units 5,105
Price/SF $103.81
Expiration 06-30-2028
Tenant Type Automotive
NOI $54,500
R. Term 3.6
Ownership Fee Simple
Rent/SF $7.79
Increases 0.0%/0/yrs
Pop 5Mi 202,137
Lot/AC 1.00
Options 1/5yrs
AHHI 5Mi $72,255

Lease Highlights

  • Advance Auto Parts has been operating in this location since 1998
  • The tenant has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features $0.50/PSF rental increases at the start of each option period
  • Corporate guaranteed lease (NYSE: AAP)

Location Description

Advance Auto Parts is strategically located on East State Boulevard, with access to 21,858 vehicles passing by daily. The property is in close proximity to well-known national tenants such as Lowe’s, Harbor Freight Tools, McDonald’s, Dairy Queen, Taco Bell, Arby’s, KFC, and Dollar Tree. Nearby key community amenities include North Side High School, Black Bear Creek Apartments, Concordia...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 11,109 81,236 196,945
2024 Total Population : 10,893 79,699 193,061
2024 Employed Civilian Pop : 4,856 38,576 93,337
2024 Total Businesses : 718 3,956 7,645
2024 Average Household Income : $ 74,355 $ 74,292 $ 75,108
2024 Total Consumer Spending : $ 310 M $ 2214 M $ 5226 M
2024 Median Age : 38 34 35
2024 Total Households : 4,715 33,545 78,429
2024 Pop Age 25+: Bachelor's Degree : 1,149 10,190 23,882
2024 Average Home Value : $ 202,230 $ 209,452 $ 211,349
*ESRI data is presented for informational purposes only

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