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404 N 5th Ave
Manchester, GA 31816
Advance Auto Parts · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Recent Lease Renewal: Tenant recently extended the lease through December 31, 2036, showing long term commitment to this established location.
- Below Replacement Cost: Priced well below current replacement cost, offering an attractive entry point.
- 20+ Year Operating History: This store has operated successfully for over two decades, demonstrating strong performance and long term commitment.
- Stable Cash Flow: Tenant pays $60,000 annually, with no Landlord responsibility to taxes, insurance, and CAM.
- Recent Improvements: Parking lot was re-sealed and re-striped in 2023. Full work up of HVAC unit in 2022, and a new roof in 2017.
- Proximity to Key Roadways: Minutes from U.S. Highway 80, providing connectivity to Columbus and regional traffic flow.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present this Corporate guaranteed Advance Auto Parts. This 7,000 SF freestanding building is offered at $850,000, with a 7.06% Cap Rate. An attractive $121.43/SF, which is well below current replacement cost.
Advance Auto Parts recently extended its lease through December 31, 2036, demonstrating long term commitment to this established location. The tenant pays $60,000 in annual rent and is responsible for taxes, insurance, CAM, and all interior nonstructural maintenance, while also covering 50% of HVAC replacement, resulting in minimal landlord responsibilities and dependable cash flow. The store has operated successfully for over 20 years, highlighting strong historical performance and durable tenant demand.
The property is strategically positioned along North 5th Avenue, a primary commercial corridor serving Manchester and the surrounding trade area, with convenient access to U.S. Highway 80, providing connectivity to Columbus and regional traffic patterns. As one of the few national auto parts retailers in the immediate market, the location benefits from limited local competition and consistent customer demand driven by surrounding residential neighborhoods and community oriented uses.
This offering presents investors with the opportunity to acquire a single tenant asset featuring long term lease security, a landlord friendly expense structure, and a proven operating history at an attractive entry point.
Advance Auto Parts recently extended its lease through December 31, 2036, demonstrating long term commitment to this established location. The tenant pays $60,000 in annual rent and is responsible for taxes, insurance, CAM, and all interior nonstructural maintenance, while also covering 50% of HVAC replacement, resulting in minimal landlord responsibilities and dependable cash flow. The store has operated successfully for over 20 years, highlighting strong historical performance and durable tenant demand.
The property is strategically positioned along North 5th Avenue, a primary commercial corridor serving Manchester and the surrounding trade area, with convenient access to U.S. Highway 80, providing connectivity to Columbus and regional traffic patterns. As one of the few national auto parts retailers in the immediate market, the location benefits from limited local competition and consistent customer demand driven by surrounding residential neighborhoods and community oriented uses.
This offering presents investors with the opportunity to acquire a single tenant asset featuring long term lease security, a landlord friendly expense structure, and a proven operating history at an attractive entry point.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
2003/2017
Price
$850,000
Price Per SF
$121.43
Cap Rate
7.06%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.89 AC
Zoning
001 - Wholesale
Parking
38 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | MA11-234 | Improvements Assessment | $82,840 |
| Land Assessment | $22,120 | Total Assessment | $104,960 |
PROPERTY TAXES
Parcel Number
MA11-234
Land Assessment
$22,120
Improvements Assessment
$82,840
Total Assessment
$104,960
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