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Advance Auto Parts 403 W Mile Rd NW 6,124 SF Retail Building Kalkaska, MI 49646 $993,243 ($162.19/SF) 7.40% Cap Rate
Investment Highlights
- Constructed in 2011 as a built-to-suit for Advance Auto Parts.
- Kalkaska is a gateway to Lake Michigan, and provides opportunity for outdoor activities in all seasons such as camping, ATVs, snowmobiles, and mountai
- Nearby national tenants include Arby’s, Burger King, Taco Bell, McDonalds, Dollar General, Ace Hardware, and more.
- Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occu
- Healthy average household income of $73,945 in a 5-mile radius.
- Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
Executive Summary
Matthew Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- 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 | - | - | - |
Property Taxes
| Parcel Number | 041-402-001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $357,800 |
Property Taxes
Presented by
Advance Auto Parts | 403 W Mile Rd NW
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