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Advance Auto Parts 201 Vineyard Rd 6,765 SF Retail Building Griffin, GA 30223 $1,190,470 ($175.97/SF) 6.15% Cap Rate
Investment Highlights
- 1999 build-to-suit construction for Advance Auto Parts
- Advance Auto signed a brand new lease in 2020, proving their commitment to the location and market
- Corporately guaranteed lease from Advance Auto
- The store was remodeled to their newest prototype in 2017
- Strong 10% rental increase will take place in September of 2028
- NNN lease structure, with landlord responsible for structure only (Standard AAP NNN Lease)
Executive Summary
Maxx Bauman
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,765 SF
Building Class
C
Year Built
1980
Price
$1,190,470
Price Per SF
$175.97
Cap Rate
6.15%
NOI
$73,213
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.67 AC
Zoning
C-1 - Commercial
Parking
20 Spaces (2.96 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 104 -06-008-A | Improvements Assessment | $335,178 |
| Land Assessment | $64,822 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
104 -06-008-A
Land Assessment
$64,822
Improvements Assessment
$335,178
Total Assessment
$400,000
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Contact the Sale Advisor
Advance Auto Parts | 201 Vineyard Rd