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Advance Auto Parts 41 Bullsboro Dr 8,303 SF Retail Building Newnan, GA 30263 $1,216,000 ($146.45/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely Long Operating History
- Strong Traffic Count and Frontage
- Recession Resistant Business Due to Non Discretionary Nature of Services
- Corporate Guarantee from Advance Stores Company Inc.
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 41 Bullsboro Drive, Newnan, GA 30263. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.75-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 $91,200 and has scheduled increases of 6.25% in next option period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,303 SF
Building Class
C
Year Built
1994
Price
$1,216,000
Price Per SF
$146.45
Cap Rate
7.50%
NOI
$91,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
1 - Commercial
Frontage
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | N34-0001-024 | Improvements Assessment | $156,364 |
| Land Assessment | $33,434 | Total Assessment | $189,798 |
PROPERTY TAXES
Parcel Number
N34-0001-024
Land Assessment
$33,434
Improvements Assessment
$156,364
Total Assessment
$189,798
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Advance Auto Parts | 41 Bullsboro Dr
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