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465 Providence Rd
Brooklyn, CT 06234
Advanced Auto Parts - Brooklyn, CT · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Brooklyn Features a Demographic Profile Hosting 15,737 Residents With an Average Household Income of $92,353
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
- High Local Demand And Costly Shipping Make Auto Parts Retail An Essential, E-Commerce- And Recession-Proof Business.
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advanced Auto Parts Located at 465 Providence Road in Brooklyn, CT. This Deal Includes a Lease Which is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's, and $9.1 Billion in Annual Sales For 2024, Providing For a Secured Investment.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
BoR: Andrew Ackerman - Lic. CT #REB.0792529
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2006
Price
$1,280,000
Price Per SF
$182.86
Cap Rate
8.75%
NOI
$112,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.95 AC
Zoning
PC - Planned Commercial
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
163’ on Providence Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | BROO-000041-000000-000112 | Improvements Assessment | $694,400 |
| Land Assessment | $199,820 | Total Assessment | $894,220 |
PROPERTY TAXES
Parcel Number
BROO-000041-000000-000112
Land Assessment
$199,820
Improvements Assessment
$694,400
Total Assessment
$894,220
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