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Advance Auto Parts 9523 Pulaski Hwy 10,000 SF Retail Building Middle River, MD 21220 $2,189,675 ($218.97/SF) 6.15% Cap Rate
Investment Highlights
- 2016 build-to-suit construction for Advance Auto Parts
- ±9.5-Years remaining on the base term of a NNN lease, with Three, 5-Year extension options
- 5-Mile population of 236,426 residents
- Recent long term lease extension, proving the tenants commitment to the location and market
- Corporately guaranteed lease from Advance Auto Parts
- Affluent demographics with an average household income of $114,609 annually
Executive Summary
Kyle Matthews
License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2017
Price
$2,189,675
Price Per SF
$218.97
Cap Rate
6.15%
NOI
$134,665
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.31 AC
Zoning
BL - Business Local
Frontage
100’ on Pulaski Hwy
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-1900001880 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,593,000 |
Property Taxes
Parcel Number
15-1900001880
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,593,000
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Advance Auto Parts | 9523 Pulaski Hwy