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Advance Auto Parts 14801 Spotswood Trl 7,000 SF Retail Building Elkton, VA 22827 $1,033,000 ($147.57/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate lease | Advance Stores Company, Inc. | 4,285 locations across 3 countries
- Outparcel to Food Lion-anchored Shopping Center Elkton Plaza | 90K SF of prime retail space
- Steady population growth within 1-mile | 13.75% from 2010-2025
- Great visibility & access from Spotswood Trail | 13,000 VPD
- Long operating history | Leased since 2002
- Affluent surrounding area | $91,358 average household income within a 3-mile radius
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Advance Auto Parts in Elkton, VA. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2002
Price
$1,033,000
Price Per SF
$147.57
Cap Rate
7.15%
NOI
$73,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Zoning
Commercial
Parking
28 Spaces (4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 130-11-L2 | Improvements Assessment | $654,000 |
| Land Assessment | $156,800 | Total Assessment | $810,800 |
PROPERTY TAXES
Parcel Number
130-11-L2
Land Assessment
$156,800
Improvements Assessment
$654,000
Total Assessment
$810,800
CONTACTS
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Advance Auto Parts | 14801 Spotswood Trl
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