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Views: 112 DOM: 198 Updated: 11.26.24 Posted: 07.15.24 Status: Active

Summary

Price $571,000
Built/Renov 2010
Tenant Advance Auto Parts
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 8,227
Lease Start 09-28-2010
#Units 5,105
Price/SF $69.41
Expiration 06-30-2034
Tenant Type Automotive
NOI $34,253
R. Term 9.5
Ownership Fee Simple
Rent/SF $4.16
Increases 3.0%/9/yrs
Pop 5Mi 21,151
Lot/AC 0.70
Options 6/5yrs/3%
AHHI 5Mi $75,180

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2010
  • 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 at the signalized, hard corner intersection of Park Street and Watts Street, with access to a combined daily traffic count of 16,200 vehicles. The property is situated off Park Street (17K VPD) with full access into the site and is less than half a mile from historic downtown Canton. The immediate area features well-known national tenants including...

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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 : 4,154 12,776 21,229
2024 Total Population : 4,157 12,753 21,154
2024 Employed Civilian Pop : 1,977 5,987 10,119
2024 Total Businesses : 201 400 565
2024 Average Household Income : $ 74,286 $ 82,209 $ 84,858
2024 Total Consumer Spending : $ 120 M $ 399 M $ 667 M
2024 Median Age : 42 44 45
2024 Total Households : 1,794 5,411 8,798
2024 Pop Age 25+: Bachelor's Degree : 318 1,219 2,310
2024 Average Home Value : $ 237,685 $ 257,053 $ 269,210
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Park Street Academy St 2022 8,882 0.02 mi
US 19;US 23 Mears Ave 2022 5,888 0.05 mi
Academy St Main St 2008 4,600 0.08 mi
Park Street Cabe St 2022 6,141 0.11 mi
Main Street Church St 2022 4,770 0.12 mi
Pisgah Drive Sorrells St 2022 7,275 0.17 mi
Park Street Sorrells St 2022 8,757 0.18 mi
Main Street Penland St 2022 6,481 0.19 mi
Bridge Street Church St 2022 4,341 0.25 mi
US 19;US 23 Pearl St 2022 6,364 0.26 mi

Listing Broker

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