Advance Auto Parts | 1209 E Main St
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Advance Auto Parts 1209 E Main St
11,864 SF 100% Leased Retail Building Rock Hill, SC 29730 $553,000 ($47/SF) 6.25% Cap Rate
Investment Highlights
- Rare Abs. NN Lease Structure
- Accessible Location
- Corporate Guaranty from Strong Credit Tenant
Executive Summary
Corporate Guaranty from Strong Credit Tenant
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for almost 15 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for healthier rent-to-sales ratio
Located in Auto Driven Commercial Node
- Over 1.3MSF of retail and industrial space is located in a 1-mile radius (Nearby retailers: Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles)
- Strong synergies with surrounding auto-shops
Accessible Location
- Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD) intersection
- 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill
- Over 2.5K homes are located in a 1-mile radius
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P BBB-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for almost 15 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure W/ Low Rent
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for healthier rent-to-sales ratio
Located in Auto Driven Commercial Node
- Over 1.3MSF of retail and industrial space is located in a 1-mile radius (Nearby retailers: Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles)
- Strong synergies with surrounding auto-shops
Accessible Location
- Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD) intersection
- 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill
- Over 2.5K homes are located in a 1-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,864 SF
Building Class
B
Year Built
1985
Price
$553,000
Price Per SF
$47
Cap Rate
6.25%
NOI
$34,563
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
LC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6260401003 | Improvements Assessment | $17,920 |
| Land Assessment | $5,574 | Total Assessment | $23,494 |
PROPERTY TAXES
Parcel Number
6260401003
Land Assessment
$5,574
Improvements Assessment
$17,920
Total Assessment
$23,494
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Advance Auto Parts | 1209 E Main St
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