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140 Caroline St
Orange, VA 22960
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- This lease is guaranteed by Advance Auto Parts which operates over 4,786 locations worldwide.
- This further demonstrates the tenant’s commitment to the site and offers the owner renewed confidence in the business operation.
- In 2024, the tenant exercised a lease extension for a period of 5 years running through 2030 with three, five-year options and 5% increases.
- Strategically positioned in the heart of Orange along Route 15, the asset sees over 13,000 vehicles per day.
Executive Summary
Freestanding Corporate backed Advanced Auto
NNN property except of roof maintenance
5 year remaining on the initial 20 year lease term through 5/2030
3-5 year options at 5% increases
Located in Orange Va approx 70 mi from Washington DC and Richmond VA
NNN property except of roof maintenance
5 year remaining on the initial 20 year lease term through 5/2030
3-5 year options at 5% increases
Located in Orange Va approx 70 mi from Washington DC and Richmond VA
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,263 SF
Building Class
C
Year Built
2005
Price
$1,678,620
Price Per SF
$231.12
Cap Rate
7.25%
NOI
$121,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.88 AC
Zoning
TTC TRAD T - Traditional Town Center
Property Taxes
| Parcel Number | 044-A4-00-16-0012-0 | Improvements Assessment | $581,000 |
| Land Assessment | $400,000 | Total Assessment | $981,000 |
Property Taxes
Parcel Number
044-A4-00-16-0012-0
Land Assessment
$400,000
Improvements Assessment
$581,000
Total Assessment
$981,000
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