12A Broad St
Carthage, NY 13619
Advance Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Freestanding Retail Building with Ample Parking, and Excellent Frontage & Visibility
- Automotive Parts and Service Are Essential-Use, with Consistent Demand in all Market Cycles
- Advance Auto Parts has Been Successfully Operating at this Location Since 2003 and Recently Extended its Lease, Indicating Strong Store Performance
EXECUTIVE SUMMARY
Corporate Backed Lease. Advance Auto Parts, Inc. (NYSE: AAP) is a Publicly Traded Fortune 500 Company with Over4,600 Stores Nationwide. Tenant is Currently Paying $11 PSF, Well Below the Average Market Rent of $15.29 PSF Which Offers Future Re-Leasing Flexibility and Potential Upside While Minimizing Down-Side Risk.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2003
Price
$1,140,740
Price Per SF
$162.96
Cap Rate
6.75%
NOI
$77,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.20 AC
Zoning
B - Business
Frontage
88’ on Broad St
AMENITIES
- Metro/Subway
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 223001-086-055-0001-001-100 | Improvements Assessment | $635,900 |
| Land Assessment | $152,000 | Total Assessment | $787,900 |
