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Advance Auto Parts - Tecumseh, MI 1447 W Chicago Blvd 6,000 SF Retail Building Tecumseh, MI 49286 $1,689,162 ($281.53/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Tecumseh Features a Demographic Profile Hosting 12,919 Residents With an Average Household Income of $99,541
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,000 SF Advance Auto Parts Located at 1447 West Chicago Boulevard in Tecumseh, MI. This Deal Includes a Lease Which is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's, and $9.1 Billion in Annual Sales For 2024, Providing For a Secured Investment.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2009
Price
$1,689,162
Price Per SF
$281.53
Cap Rate
7.75%
NOI
$130,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.75 AC
Zoning
B-3
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
166’ on W Chicago Blvd
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advance Auto Parts
- Retailer
- 6,000 SF
- $21.82
- Double Net
- Feb 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advance Auto Parts | Retailer | 6,000 SF | $21.82 | Double Net | Feb 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XT0-470-0021-15 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $493,800 |
PROPERTY TAXES
Parcel Number
XT0-470-0021-15
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$493,800
CONTACTS
-
Jack Liberatore -
Jake Mahon -
Clifton McCrory -
Adam Scherr -
Sands Investment Group
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Advance Auto Parts - Tecumseh, MI | 1447 W Chicago Blvd
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