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Advance Auto Parts 2820 S Business Dr 7,000 SF Retail Building Sheboygan, WI 53081 $1,143,335 ($163.33/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long-Term Occupancy
  • Rent Increases
  • Strategic Location
  • Corporate Lease
  • Minimal Landlord Responsibilities
  • Recession & E-Commerce Resistant Tenant

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2820 South Business Drive in Sheboygan, Wisconsin (the “Property”). Constructed in 2003, Advance Auto Parts has been at this location for 22 years and has extended their lease and exercised a renewal option, demonstrating their commitment to the site and the market. Advance Auto Parts has 3+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. The Property is situated on a highly visible corner parcel along S Business Drive (WI Route 28), the area’s primary commercial and commuter corridor. Advance Auto Parts is a pad site to a Piggly Wiggly anchored shopping center and enjoys outstanding visibility and frontage and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the southern end of Sheboygan, the Property is close to Lake Michigan and South Shore Beach and is seconds from densely populated residential areas that provide a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee. ANDREW O’CONNELL WI BROKER LICENSE #: 60144-90

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2003
Price
$1,143,335
Price Per SF
$163.33
Cap Rate
7.50%
NOI
$85,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Zoning
MER
Frontage
167’ on S Business Dr

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Scooter's Coffee
Piggly Wiggly
UMB Bank
Anytime Fitness
Biggby Coffee
Wells Fargo Bank
Starbucks
Fit Body Boot Camp
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
59281431736
Land Assessment
$324,100
Improvements Assessment
$742,100
Total Assessment
$1,066,200
  • Listing ID: 38802824

  • Date on Market: 12/17/2025

  • Last Updated:

  • Address: 2820 S Business Dr, Sheboygan, WI 53081

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