10 N Lewis Rd
Royersford, PA 19468
Advance Auto Parts · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Advance Auto Parts property located on North Lewis Road in Royersford, Pennsylvania. Advance Auto Parts has been operating here since 2009 and recently signed a new 10 year lease extension showing their recommitment to this successful location. These lease offers larger than average rental increases at 15% and 12% respectively in each of the 2 five year options. Unlike ground leases, this build-to-suit Advance Auto Parts property offers tax shelter through deprecation, increasing after tax returns. The lease is corporately guaranteed by Advance Auto Parts, an investment grade credit tenant with over 5,000 stores nationwide and rated “BBB-” by Standard and Poor’s. This 6,456 square foot Advance Auto Parts sits at the signalized corner of N. Lewis Road and Main Street with excellent access and visibility and combined traffic counts over 22,000 vehicles per day. This site offers replaceable rent, currently at $14.7 per square foot. There are no national auto parts competition in close proximity, with the closest competitor 5 miles away in Phoenixville. This is a main retail location in Royersford and Advance Auto Parts is situated in between Springford High School, Brooke Elementary School, a heavily traveled Highway 422 interchange and surrounded by national tenants including McDonald’s, Chick-fil-a, Outback, CVS, Wawa, Rite Aid, Mavis Tire, Dollar Tree, Dunkin' Donuts, KOHL's, Marshalls and Giant to name a few. The surrounding area offers excellent demographics with population growth and average household incomes over $100,000 on average. There are over 10,000 people within 1 mile of the site, over 40,000 people within 3 miles and over 108,000 people within 5 miles. This NNN lease with over 9 years remaining in the lease term of a successful tenant and a strong retail location makes this an ideal investment for the astute investor.