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Advance Auto Parts 2201 Hamilton Blvd 7,000 SF Retail Building Sioux City, IA 51104 $1,231,000 ($175.86/SF) 7.35% Cap Rate
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- 23+ Year Operating History at This Location, Proven Concept in the Trade Area
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.40/SF in Rent
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Year Built
2002
Price
$1,231,000
Price Per SF
$175.86
Cap Rate
7.35%
NOI
$90,444
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.53 AC
Zoning
General Commercial (GC)
Frontage
167’ on Hamilton Boulevard
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 894720258009 | Improvements Assessment | $569,500 |
| Land Assessment | $487,800 | Total Assessment | $1,057,300 |
Property Taxes
Parcel Number
894720258009
Land Assessment
$487,800
Improvements Assessment
$569,500
Total Assessment
$1,057,300
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Advance Auto Parts | 2201 Hamilton Blvd
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