Advance Auto Parts –
ADVANCE AUTO PARTS PORTFOLIO
TX & SC
PRICE $4,540,000
GLA +/- 13,700 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 5.0%
LEASE TYPE NN & NNN
YEAR BUILT 2005/2006
TX & SC
PRICE $4,540,000
GLA +/- 13,700 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 5.0%
LEASE TYPE NN & NNN
YEAR BUILT 2005/2006
DEMOGRAPHICS
Population 137,566
Per Capita Inc $42,872
Median HH Inc $68,438
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INVESTMENT HIGHLIGHTS
- Charleston County, South Carolina
- NN Lease
- Lease Term through 2024 but tenant would like to renew for 10 years with a 5% reduction in rent
- 1 acre lot
- Highly populated city
- Harris County, Texas
- This is a top-performing store
- Located on a very busy lit intersection (a four-lane street going each way)
- 10 yr lease flat rent commencing 2021
- AAP pays $17 psf in rent NNN
- Two points of Ingress/Egress
| Price: | $4,540,000 |
| City: | Harris & Charleston Counties |
| State: | TX & SC |
| Square Feet: | +/- 13,700 SF |
| Price: | $4,540,000 |
| Cap Rate: | 5.0% |