loader
Join Free
Views: 147 DOM: 102 Updated: 10.30.24 Posted: 09.11.24 Status: Active

Summary

Price $1,585,161
Built/Renov 2009
Tenant Advance Auto Parts
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,200
Lease Start 12-17-2009
#Units 5,105
Price/SF $255.67
Expiration 07-31-2030
Tenant Type Automotive
NOI $122,850
R. Term 5.7
Ownership Fee Simple
Rent/SF $19.81
Increases 10.0%/5/yrs
Pop 5Mi 187,657
Lot/AC 1.00
Options 3/5yrs/10%
AHHI 5Mi $81,583

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2009
  • The tenant has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: AAP)

Location Description

Advance Auto Parts is strategically located on Eureka Road, with access to 29,709 vehicles passing by daily. The property is surrounded by prominent national tenants, including Planet Fitness, Buffalo Wild Wings, AutoZone, Goodyear, and more. Additionally, within a 1-5 mile radius are key educational institutions such as Southgate Anderson High School, Davidson Middle School, and Fordline...

...

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