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Advance Auto Parts 5819 Cleveland Ave 6,844 SF Retail Building Columbus, OH 43231 $995,000 ($145.38/SF) 7.23% Cap Rate
INVESTMENT HIGHLIGHTS
- FRESH 10-YEAR EARLY RENEWAL: In July 2024 the lease was amended to extend the term out to 10 Years through December 2034, communicating not only this
- PRICED BELOW REPLACEMENT COST: With the cost of construction rising rapidly, at just under $145 PSF there is significant value in this basis since com
- COLUMBUS MARKET: Columbus is one of the fastest growing and affordable cities in the Midwest with strong employment and drivers such as the new $20B I
- 25+ YEAR OPERATING HISTORY: This location has been in operation for over 25 years with a history of renewals, signaling the significant commitment AAP
- POWER-CENTER SHADOW ANCHORED: This Advance Auto Parts location is shadowed by the +250,000 SF Columbus Square Power Center which drives local retail t
EXECUTIVE SUMMARY
License # REC.2022007141 (OH)
Matthews
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
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Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-104541 | Improvements Assessment | $265,860 |
| Land Assessment | $100,910 | Total Assessment | $366,770 |
PROPERTY TAXES
CONTACTS
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Spencer Tyoran -
Conrad Sarreal -
Ryan Fitzgibbons -
Matthews Real Estate Investment Services
Presented by
Advance Auto Parts | 5819 Cleveland Ave
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