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Views: 66 DOM: 144 Updated: 11.26.24 Posted: 07.12.24 Status: Active

Summary

Price $541,000
Built/Renov 1998
Tenant Advance Auto Parts
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,000
Lease Start 12-22-2005
#Units 5,105
Price/SF $108.20
Expiration 06-30-2034
Tenant Type Automotive
NOI $32,483
R. Term 9.7
Ownership Fee Simple
Rent/SF $6.50
Increases 3.0%/9/yrs
Pop 5Mi 39,448
Lot/AC 0.73
Options 4/5yrs/3%
AHHI 5Mi $68,986

Lease Highlights

  • Advance Auto Parts has been operating in this location for 15+ years
  • The tenant has 9+ years remaining on the current lease term with 4 (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 at the signalized, hard-corner intersection of Hogansville Road and Cleveland Road, with access to a combined daily traffic count of 11,400 vehicles. The property occupies a convenient location within a 1-mile radius of over 900K SF of industrial space. The immediate vicinity boasts several well-known national tenants such as Publix, Harbor Freight,...

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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 : 6,236 31,165 40,520
2024 Total Population : 6,293 30,582 39,389
2024 Employed Civilian Pop : 2,874 13,763 17,486
2024 Total Businesses : 279 1,459 2,032
2024 Average Household Income : $ 61,678 $ 72,162 $ 75,762
2024 Total Consumer Spending : $ 136 M $ 781 M $ 1025 M
2024 Median Age : 35 36 37
2024 Total Households : 2,461 12,110 15,165
2024 Pop Age 25+: Bachelor's Degree : 309 2,341 3,226
2024 Average Home Value : $ 173,304 $ 254,902 $ 264,096
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Curran Street Hogansville Rd 2019 350 0.05 mi
Hogansville Road Sirrine St 2019 11,700 0.08 mi
N Barnard Ave Hogansville Rd 2005 1,350 0.26 mi
Youngs Mill Road Hearthstone Dr 2019 7,620 0.29 mi
Barnard Avenue Thornton St 2019 1,640 0.30 mi
Youngs Mill Rd Lenox Cir 2005 5,630 0.39 mi
Greenville St Robertson St 2016 2,880 0.48 mi
Hill Street Dixie St 2019 5,720 0.54 mi
Hogansville Road Newnan St 2018 11,200 0.57 mi
Hogansville Road Newnan St 2019 11,100 0.57 mi

Listing Broker

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