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Advance Auto Parts 1740 Scottdale M-139 rd 7,973 SF Retail Building Benton Harbor, MI 49022 $1,358,975 ($170.45/SF) 8% Cap Rate
Investment Highlights
- 2017 build-to-suit construction for Advance Auto Parts
- ±30,573 Vehicles daily at the intersection of Scottsdale Rd & Napier Ave
- Affluent demographics with an average household income of $96,416 annually
- ±6.75-Years remaining on the base term of an initial 15-year lease
- 5-Mile population of ±52,549 residents
- Positioned within a thriving retail corridor surrounded by national retailers including Walmart Supercenter, Lowe’s, The Home Depot,Khol’s, Meijer, T.
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,973 SF
Building Class
C
Year Built
2017
Price
$1,358,975
Price Per SF
$170.45
Cap Rate
8%
NOI
$108,718
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.72 AC
Zoning
Commercial - Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-03-0031-0039-18-6 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $157,600 |
Property Taxes
Parcel Number
11-03-0031-0039-18-6
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$157,600
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Advance Auto Parts | 1740 Scottdale M-139 rd
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