Rehold

Advance Auto Parts

9,400 SF | Retail Building | Roswell, NM 88203 | $1,227,891 ($131/SF) | 7.35% Cap Rate

Asking Price $1,227,891

Property Type: Retail
Square Feet: 9,400 SF
Price / Square Foot: $131

Listing Contacts

Kevin McKenna

Kevin McKenna

Verified Profile

Josh Bishop

Josh Bishop

Verified Profile

Property Info

Property Overview

Kyle Matthews
License No. 19601 (NM)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Details

Class: B
Year Built: 1960
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 24,829 SF

Highlights

2017 build-to-suit construction fitting their larger store concept.
Corporate guaranteed lease with ±8.75 years remaining on an initial 15-year term with minimal landlord responsibilities.
Advance Auto Parts is currently paying well below market rent ($9.60/SF) while this area of Roswell is averaging over $17/SF.
5-Mile population of over 50,000 residents.
Ideally located around 12 automotive repair businesses within half a mile.
Traffic counts along South Main Street exceed 17,000 vehicles daily.

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