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Advance Auto Parts 311 W Fort Williams St 8,075 SF Retail Building Sylacauga, AL 35150 $928,000 ($114.92/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely Long Operating History
- Recession Resistant Business Due to Non Discretionary Nature of Services
- Attractive R/SF & P/SF
- Corporate Guarantee from Advance Stores Company Inc.
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 311 W Fort Williams Street, Sylacauga, AL 35150. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Advance Auto Parts is subject to a 10 Years-year Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $69,600 and has scheduled increases of 26% in next option period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,075 SF
Building Class
C
Year Built
1993
Price
$928,000
Price Per SF
$114.92
Cap Rate
7.50%
NOI
$69,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.83 AC
Zoning
C - Commercial Retail
Frontage
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-09-32-2-007-004.000 | Improvements Assessment | $55,760 |
| Land Assessment | $37,860 | Total Assessment | $93,620 |
PROPERTY TAXES
Parcel Number
27-09-32-2-007-004.000
Land Assessment
$37,860
Improvements Assessment
$55,760
Total Assessment
$93,620
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Advance Auto Parts | 311 W Fort Williams St
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