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Advance Auto Parts 1737 N Central Ave 7,013 SF Retail Building Marshfield, WI 54449 $1,312,000 ($187.08/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategic main and main location across from Target & Walmart
- Dominant location with below market rent
- NN lease with minimal landlord maintenance obligations provides passive ownership for out of state investor
- Corporate Lease with Advance Auto which operates over 4,700 stores in the US and Canada
- 8.0% going in CAP with potential future upside
- Fee simple ownership allows for depreciation of the building boosting after tax returns
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this Advance Auto Parts in Marshfiled, WI. This main and main corner location has been leased to Advance Auto for 20 years and is an opportunity to buy the dominant piece of real estate in the market with a corporate Net Lease and future upside potential.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,013 SF
Building Class
C
Year Built
2004
Price
$1,312,000
Price Per SF
$187.08
Cap Rate
8%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.89 AC
Zoning
C
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3303204E | Improvements Assessment | $394,300 |
| Land Assessment | $360,500 | Total Assessment | $754,800 |
PROPERTY TAXES
Parcel Number
3303204E
Land Assessment
$360,500
Improvements Assessment
$394,300
Total Assessment
$754,800
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Advance Auto Parts | 1737 N Central Ave
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