Advance Auto Parts - Sault Sainte Marie, MI
7,000 SF | Retail Building | Sault Sainte Marie, MI 49783 | $1,066,928 ($152/SF) | 7.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,066,928
- Property Type
-
Retail
- Square Feet
- 7,000 SF
- Price / Square Foot
- $152
Listing Contacts
Clifton McCrory
Verified Profile
Adam Scherr
Verified Profile
Daniel Hoogesteger
Verified Profile
Max Freedman
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 3701 I-75 Business Spur in Sault Sainte Marie, MI. This Deal Includes Over 6 Years Remaining on a Corporate Guaranteed Lease and the Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential, Providing For a Secured Investment.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC-Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman Mi Lic. #6502424113
IN COOPERATION WITH: Sands Investment Group Michigan, LLC-Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman Mi Lic. #6502424113
Property Details
- Class
- C
- Year Built
- 2003
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Storefront
- Lot Size (sq. ft)
- 27,878 SF
Highlights
- Over 6 Years Remaining on a Corporate Guaranteed Lease
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB - From S&P
- Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
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