Property details

Exchange Properties, Great Lakes - Big Rivers Region

Property Description

Exchange Properties with Advance Auto Parts as the single tenant.

•  7,000 sq ft building

•  Approx. 1 acre site

•  Built in 2002

•  One of our ideal 10 year net lease exchange properties with a five year option

The site is just off an Interstate on one of the main roads in the city just 1/2 mile from Sams Club and surrounded by retail development.

Advance Auto parts is a publicly traded company on the NYSE under AAP.

Images

Request property package

Highlights

Status:
Available
Price:
$1,475,000
PSF:
$211
Cap Rate:
7.50%
Annual Rent:
$110,643
Rent Increases:
Years 11-15 - $114,143.04

Years 16-20 - $117,642.96
 

Property Information

Building Size:
7,000 sq.ft.
Property Type:
Net Lease
Industry Type:
Auto Parts - Repair
Units/Spaces:
1
Year Built:
2002
Land Area:
1.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Advance Auto Parts
Lease Type:
NNN
Lease Commencement:
12/1/2002
Lease Expiration:
12/1/2012
Lease Term:
10 years
Years Remaining:
4 years
Landlord Responsibilities:
None - NNN Exchange Properties
Options:
Two (2) Five Yr Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.