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Views: 57 DOM: 108 Updated: 11.25.24 Posted: 09.04.24 Status: Active

Summary

Price $3,686,000
Built/Renov 2009/2010
Tenant Advance Auto Parts
Cap Rate 5.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,150
Lease Start 10-22-2009
#Units 5,105
Price/SF $515.52
Expiration 10-31-2029
Tenant Type Automotive
NOI $202,745
R. Term 4.10
Ownership Fee Simple
Rent/SF $28.36
Increases 0.0%/5/yrs
Pop 5Mi 484,183
Lot/AC 0.92
Options 2/5yrs
AHHI 5Mi $84,354

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2009
  • The tenant has 4+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features $0.50/PSF rental increases at the start of each option period
  • NN Lease | Landlord responsibilities limited to roof, structure, and foundation
  • Corporate guaranteed lease (NYSE: AAP)

Location Description

Advance Auto Parts is strategically located at the signalized, hard corner intersection of NW 64th Ave and W. Oakland Park Blvd, with access to a substantial combined daily traffic count of 79,800 vehicles. The property is an outparcel to the Inverrama Shopping Plaza, which is ranked in the top 69% of nationwide strip centers according to Placer.ai. Additionally, this Advance Auto Parts...

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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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Listing Broker

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