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ADVANCE AUTO PARTS 201 Freedom Way

6,000 SF Retail Building Midway Park, NC 28544 $842,000 ($140/SF) 7.51% Cap Rate

Retail Buildings North Carolina Midway Park 201 Freedom Way, Midway Park, NC 28544

Investment Highlights

  • Long Operating History- Advance Auto Parts has been at this location since 1988 (Over 36 Years)
  • Strong Rent to Sales Ratio of about 4%
  • Below Market Rents
  • Roof & Parking Lot Replaced within the last 5 Years
  • 80th Percentile Store Nationally Per Alpha Maps
  • Outparceled to a 96% Leased, ±150,000 SF, Food Lion anchored shopping center

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
1988
Price
$842,000
Price Per SF
$140
Cap Rate
7.51%
NOI
$63,204
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.74 AC
Zoning
B1
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
108 FT on Freedom Way

Amenities

  • Pylon Sign
  • Signage

Links

1 of 1

Nearby Major Retailers

Golden Corral
Navy Federal Credit Union
Starbucks
Food Lion

PROPERTY TAXES

Parcel Number 1116-84.7 Improvements Assessment $673,070
Land Assessment $353,230 Total Assessment $1,026,300

PROPERTY TAXES

Parcel Number
1116-84.7
Land Assessment
$353,230
Improvements Assessment
$673,070
Total Assessment
$1,026,300
(954) 288-3678

Contacts

  • Listing ID: 33910163

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 201 Freedom Way, Midway Park, NC 28544

More public record information on 201 Freedom Way, Midway Park, NC 28544

The Retail Property at 201 Freedom Way, Midway Park, NC 28544 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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ADVANCE AUTO PARTS | 201 Freedom Way
(954) 288-3678 x

ADVANCE AUTO PARTS | 201 Freedom Way

1/2

Dylan Schroeder

(954) 288-3678

(954) 288-3678

Connor Knauer

(404) 400-2794

(404) 400-2794

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