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Advance Auto 8610 Highway 52 6,895 SF Retail Building Rockwell, NC 28138 $1,559,000 ($226.11/SF) 6.60% Cap Rate
Investment Highlights
- Ideally located in Charlotte, NC.
Executive Summary
-Advance Auto Parts: Essential Business Tenant, Pandemic & Recession Resistant
- Corporate leased building by Advance Auto Parts.
-Investment Grade Tenant: Advance Auto Parts, Inc. (NYSE: AAP); Investment Grade Credit Rating: BBB- (S&P)
-Ideal for 1031 Exchange Buyer and/or Passive Investor
-Free standing single tenant building, built specifically for Advance Auto Parts, Inc.
- Located in Charlotte, NC MSA.
- Double Net+ Lease. Minimal Landlord responsibilities (slab, foundation, structure).
- Corporate leased building by Advance Auto Parts.
-Investment Grade Tenant: Advance Auto Parts, Inc. (NYSE: AAP); Investment Grade Credit Rating: BBB- (S&P)
-Ideal for 1031 Exchange Buyer and/or Passive Investor
-Free standing single tenant building, built specifically for Advance Auto Parts, Inc.
- Located in Charlotte, NC MSA.
- Double Net+ Lease. Minimal Landlord responsibilities (slab, foundation, structure).
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
6,895 SF
Year Built
2013
Price
$1,559,000
Price Per SF
$226.11
Cap Rate
6.60%
NOI
$102,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.20 AC
Zoning
B3 - General Business
Parking
32 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
307’ on U.S. 52
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 357-A064A | Improvements Assessment | $592,899 |
| Land Assessment | $285,188 | Total Assessment | $878,087 |
Property Taxes
Parcel Number
357-A064A
Land Assessment
$285,188
Improvements Assessment
$592,899
Total Assessment
$878,087
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Photos
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Presented by
Hampton Investment Properties
Advance Auto | 8610 Highway 52
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