This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
420 Chesterfield Hwy
Cheraw, SC 29520
Advance Auto Parts Net Lease Investment · Retail Property For Sale
Property Facts
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
About 420 CHESTERFIELD HWY , CHERAW, SC 29520
This corporate guaranteed Advance Auto Parts in Cheraw, SC has been in operation for almost 30 years. The purpose-built, ±6,000 SF building is on a ±0.73-acre parcel on the town’s main thoroughfare with traffic counts of over 12,500 VPD. The NN lease was recently extended for an additional 5 years, with two 5-year options, showing a strong commitment to the location. The site is surrounded by other national retail establishments including Walmart, Badcock Furniture, KFC, McDonald’s, Wendy’s, Bojangles, Pizza Hut, AutoZone, CVS, Sonic and more. Other nearby non-retail traffic generators include Cheraw Intermediate School, Cheraw High School, Highland Industries (a textile company), Schaeffler Group (a global automotive and industrial supplier) and McLeod Health Cheraw Emergency Room. Landlord maintenance responsibilities are limited to roof, structure, parking lot and half the cost of major HVAC repairs. AAP reimburses the Landlord for real estate taxes over the base year amount of $1,054. Due to the low rent per SF and ease of re-purposing in an active commercial corridor, this is a desirable and opportunistic long-term investment.
Property Taxes
| Parcel Number | 259-003-001-009 | Improvements Assessment | $23,400 |
| Land Assessment | $8,640 | Total Assessment | $32,040 |
Property Taxes
