Advance Auto Parts - Oberlin, OH
7,000 SF | Retail Building | Oberlin, OH 44074 | $1,713,342 ($245/SF) | 7.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,713,342
- Property Type
-
Retail
- Square Feet
- 7,000 SF
- Price / Square Foot
- $245
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 14911 State Route 58 in Oberlin, OH. The Property Boasts Over 3 Years Remaining on a Corporate-Guaranteed Lease, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Details
- Class
- C
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Storefront
- Lot Size (sq. ft)
- 77,101 SF
Highlights
- The Property Boasts Over 3 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
- 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)
- The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries
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