Log In/Sign Up
5206 Carolina Beach Rd
Wilmington, NC 28412
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Long Term Tenant - Advance Auto has been successfully operating at this location for over 20 years and recently extended for an additional 5 years
- Strong Corporate Guarantee - Advance Auto Parts has over 5,200 locations and generated over $10b in revenue in 2020
- Huge Rent Increase During Option Periods - AAP will realize a rent increase of almost 25% in their first option | 13% rent increase in option 2
- Below Market Rent - Advance Auto is currently paying below market rents, giving a potential investor the opportunity to easily backfill the property
- E-Commerce & Pandemic Resistant Tenant - Consumers have shifted toward personal mobility over public and shared transportation due to COVID
- Excellent Visibility on Heavily Trafficked Road - Carolina Beach Rd realizes 28,500 VPD | S College Rd realizes 31,000 VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.91 AC
Zoning
B-2 - Business
Parking
40 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
98’ on Carolina Beach Rd
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | R07600-006-052-000 | Improvements Assessment | $727,200 |
| Land Assessment | $558,800 | Total Assessment | $1,286,000 |
Property Taxes
Parcel Number
R07600-006-052-000
Land Assessment
$558,800
Improvements Assessment
$727,200
Total Assessment
$1,286,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
