Advance Auto Parts | Just Extended 10 Years
7,000 SF | Retail Building | Batesburg, SC 29006 | $1,238,000 ($177/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,238,000
- Property Type
-
Retail
- Square Feet
- 7,000 SF
- Price / Square Foot
- $177
Listing Contacts
David Hoppe
Verified Profile
Sam Young
Verified Profile
Ben Olmstead
Verified Profile
- Property Info
Property Overview
Corporate NN Lease
• Lease is signed with Advance Auto corporate
• Recent lease extensions provide 10 more years of term
• Option terms provide 10% rental increase every 5 years
• Landlord is responsible for roof, structure, and parking lot, and split HVAC replacement with tenant
• Advance Auto is convicted to the location by operating for 20 years and extending for another 10 years
Name Brand and Credit Tenant
• Advance Auto Parts is a publicly traded company (NYSE: AAP), with a market capitalization over $3.937B
• Advance Auto has S&P Credit Rating of BBB-
• Advance Auto Parts has over 5,200 stores in 47 states
Located on Main Retail Corridor
• Out Parcel to KJ’s IGA Market
• Less than a mile from other National Tenants including Walgreens, KFC,
Zaxby’s, Bojangles, and McDonalds
Columbia MSA
• Columbia’s average home price is $162,300, or roughly 35% less than the US
Average Home Price, making the city very affordable and causing high growth
rates
• 12 Colleges / Universities are Located in the Central SC Region - Over 34K+
Students enrolled at the University of South Carolina alone
• Columbia, SC’s population is 137,541
Close Proximity to Batesburg-Leesville Industrial Park
• 5 minute drive from Batesburg-Leesville Industrial Park a 175 acre industrial
park
• Town of Batesburg-Leesville & Lexington County have jointly invested $3.5M
worth of infrastructure improvements
• Two operators reside in the park: Fisher Tank Company and C.R. Jackson’s new
asphalt plant
• Lease is signed with Advance Auto corporate
• Recent lease extensions provide 10 more years of term
• Option terms provide 10% rental increase every 5 years
• Landlord is responsible for roof, structure, and parking lot, and split HVAC replacement with tenant
• Advance Auto is convicted to the location by operating for 20 years and extending for another 10 years
Name Brand and Credit Tenant
• Advance Auto Parts is a publicly traded company (NYSE: AAP), with a market capitalization over $3.937B
• Advance Auto has S&P Credit Rating of BBB-
• Advance Auto Parts has over 5,200 stores in 47 states
Located on Main Retail Corridor
• Out Parcel to KJ’s IGA Market
• Less than a mile from other National Tenants including Walgreens, KFC,
Zaxby’s, Bojangles, and McDonalds
Columbia MSA
• Columbia’s average home price is $162,300, or roughly 35% less than the US
Average Home Price, making the city very affordable and causing high growth
rates
• 12 Colleges / Universities are Located in the Central SC Region - Over 34K+
Students enrolled at the University of South Carolina alone
• Columbia, SC’s population is 137,541
Close Proximity to Batesburg-Leesville Industrial Park
• 5 minute drive from Batesburg-Leesville Industrial Park a 175 acre industrial
park
• Town of Batesburg-Leesville & Lexington County have jointly invested $3.5M
worth of infrastructure improvements
• Two operators reside in the park: Fisher Tank Company and C.R. Jackson’s new
asphalt plant
Property Details
- Class
- C
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 33,977 SF
Highlights
- Just Extended 10 Years
- Corporate NN Lease
- 20 Years of Operating at Location
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