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Advance Auto Parts - Oberlin, OH 14911 State Route 58

7,000 SF Retail Building Oberlin, OH 44074 $1,713,342 ($245/SF) 7.75% Cap Rate

Retail Space Ohio Oberlin 14911 State Route 58, Oberlin, OH 44074

Investment Highlights

  • The Property Boasts Over 3 Years Remaining on a Corporate Guaranteed Lease
  • Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
  • Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
  • The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB- From S&P
  • Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
  • The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 14911 State Route 58 in Oberlin, OH. The Property Boasts Over 3 Years Remaining on a Corporate-Guaranteed Lease, Providing For a Secured Investment.

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,000 SF
Building Class
C
Year Built
2007
Price
$1,713,342
Price Per SF
$245
Cap Rate
7.75%
NOI
$132,784
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.77 AC
Zoning
C - Commercial
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
112 FT on Oh-58 Hwy

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Advance Auto Parts
  • Retailer
  • 7,000 SF
  • $18.97
  • Triple Net
  • Jan 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Advance Auto Parts Retailer 7,000 SF $18.97 Triple Net Jan 2028

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-00-016-000-018
  • 14-00-016-000-031
 Improvements Assessment $222,705
Land Assessment $95,746 Total Assessment $318,451

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-00-016-000-018
  • 14-00-016-000-031
Land Assessment
$95,746
Improvements Assessment
$222,705
Total Assessment
$318,451
(843) 510-0551

  • Listing ID: 33006281

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 14911 State Route 58, Oberlin, OH 44074

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Advance Auto Parts - Oberlin, OH | 14911 State Route 58
(843) 510-0551 x

Advance Auto Parts - Oberlin, OH | 14911 State Route 58

1/5

Jack Liberatore

(843) 510-0551

(843) 510-0551

Clifton McCrory

(540) 255-5496

(540) 255-5496

Adam Scherr

(310) 853-1266

(310) 853-1266

Daniel Hoogesteger

(310) 853-1419

(310) 853-1419

Max Freedman

(512) 766-2711

(512) 766-2711

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