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Advance Auto Parts 1107 N Broad St 6,124 SF Retail Building Edenton, NC 27932 $1,332,850 ($217.64/SF) 7% Cap Rate
Investment Highlights
- Convenient access to nearby educational institutions like the College of The Albemarle and John A. Holmes High School
- Stable and long-term investment opportunity
- Easily accessible from Highway 17
Executive Summary
±6,000 SF Free standing building on ±0.79 acres
Asking price: $1,332,850
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
Asking price: $1,332,850
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,124 SF
Building Class
B
Year Built
2008
Price
$1,332,850
Price Per SF
$217.64
Cap Rate
7%
NOI
$93,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.79 AC
Zoning
CH - Highway Commercial
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
147’ on North Broad Street
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 7805-16-94-4538 | Improvements Assessment | $1,188,413 |
| Land Assessment | $59,250 | Total Assessment | $1,247,663 |
Property Taxes
Parcel Number
7805-16-94-4538
Land Assessment
$59,250
Improvements Assessment
$1,188,413
Total Assessment
$1,247,663
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Advance Auto Parts | 1107 N Broad St
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