Your email has been sent.
Advance Auto Parts -New 10-Yr Lease Ext. 75 Robinson St 7,000 SF Retail Building Binghamton, NY 13901 $1,355,000 ($193.57/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New roof in 2025 (now Tenant responsibility)
- Located within 1 mile of several auto repair shops
- Signalized intersection
- 10 minutes to Binghamton University
- Recent 10-year lease extension
EXECUTIVE SUMMARY
The building, with a new roof in 2025, contains approximately 7,000 SF and sits at a signalized corner on approximately 0.76 AC. It has excellent visibility from the feeder road leading to Interstates 81 and 86 and is strategically located within a mile of many of the city’s auto repair shops.
Advance has been operating in this same location for more than 25 years and recently committed to a lease extension through December 31, 2035 with two, 5-year options remaining.
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 030200-144-083-0004-005-001-0000 | Improvements Assessment | $620,100 |
| Land Assessment | $79,900 | Total Assessment | $700,000 |
PROPERTY TAXES
Presented by
Advance Auto Parts -New 10-Yr Lease Ext. | 75 Robinson St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.