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Advance Auto Parts 403 W Mile Rd NW 6,124 SF Retail Building Kalkaska, MI 49646 $980,000 ($160.03/SF) 7.50% 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
-
- Retailer
- -
- -
- -
Advance Auto Parts began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| 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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