Advance Auto Parts

3639 Harrison Avenue, Butte, MT 59701

$1,433,000

Cap Rate 6.00%

Views: 59 DOM: 67 Updated: 08.30.24 Posted: 07.11.24 Status: Active

Summary

Price $1,433,000	Built/Renov 2011	Tenant Advance Auto Parts
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 7,500	Lease Start 07-18-2011	#Units 5,105
Price/SF $191.07	Expiration 06-30-2034	Tenant Type Automotive
NOI $85,953	R. Term 9.9	Ownership Fee Simple
Rent/SF $11.46	Increases 3.0%/9/yrs	Pop 5Mi 33,083
Lot/AC 0.93	Options 5/3yrs	AHHI 5Mi $69,834

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Tenant has been operating at this location for nearly 13 years | Currently operating as Carquest store
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 Harrison Avenue, with access to 22,200 vehicles passing daily. The property features convenient cross access through the adjacent shopping center and benefits from a dedicated turn lane into the site. The immediate area is surrounded by well-known national tenants such as Walmart Supercenter, Staples, Hwy 55, Goodwill, Buffalo Wild Wings, Subway,...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Strategically located
Long operation history
Recently extended lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Advance Auto Parts Wikipedia Advance Auto Parts Wikipedia Butte, Montana Zip Code 59701 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Advance Auto Parts
Guarantor:Corp T and Rated
Company:Advance Stores Co, Inc
# Units:5,105
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: AAP

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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Listing Broker

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