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5420 N Mcclellan Blvd 8,065 SF Retail Building Anniston, AL 36206 $992,000 ($123.00/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recession Resistant Business Due to Non Discretionary Nature of Services
- Strong National Tenancy in the Immediate Area
- Extremely Long Operating History
- Corporate Guarantee from Advance Stores Company Inc.
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 5420 McClellan Boulevard, Anniston, AL 36206. The site consists of roughly 8,065 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Advance Auto Parts is subject to a Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $74,400 and has scheduled increases of 13.4% in the next option period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,065 SF
Year Built
1993
Price
$992,000
Price Per SF
$123.00
Cap Rate
7.50%
NOI
$74,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.69 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-04-20-1-004-003.000 | Improvements Assessment | $105,552 |
| Land Assessment | $18,000 | Total Assessment | $123,552 |
PROPERTY TAXES
Parcel Number
18-04-20-1-004-003.000
Land Assessment
$18,000
Improvements Assessment
$105,552
Total Assessment
$123,552
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5420 N Mcclellan Blvd
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