Advance Auto Parts
11,864 SF | 100% Leased | Retail Building | Rock Hill, SC 29730 | $553,000 ($47/SF) | 6.25% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $553,000
- Property Type
-
Retail
- Square Feet
- 11,864 SF
- Price / Square Foot
- $47
Listing Contacts
David Hoppe
Verified Profile
Mike Lucier
Verified Profile
Ben Olmstead
Verified Profile
- Property Info
Property Overview
Corporate Guaranty from Strong Credit Tenant
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for almost 15 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for healthier rent-to-sales ratio
Located in Auto Driven Commercial Node
- Over 1.3MSF of retail and industrial space is located in a 1-mile radius (Nearby retailers: Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles)
- Strong synergies with surrounding auto-shops
Accessible Location
- Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD) intersection
- 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill
- Over 2.5K homes are located in a 1-mile radius
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for almost 15 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for healthier rent-to-sales ratio
Located in Auto Driven Commercial Node
- Over 1.3MSF of retail and industrial space is located in a 1-mile radius (Nearby retailers: Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles)
- Strong synergies with surrounding auto-shops
Accessible Location
- Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD) intersection
- 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill
- Over 2.5K homes are located in a 1-mile radius
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 31,799 SF
Highlights
- Rare Abs. NN Lease Structure
- Corporate Guaranty from Strong Credit Tenant
- Accessible Location
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