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Advance Auto Parts | 9+ Years | New Roof 2023 305 Pennsylvania Ave

7,000 SF Retail Building Elmira, NY 14904 $1,400,000 ($200/SF) 6.50% Cap Rate

Retail Space New York Elmira 305 Pennsylvania Ave, Elmira, NY 14904

Executive Summary

• Corporately guaranteed asset backed by BBB- credit (S&P)
• Long-term asset | Over 9 years of term remaining on the base term of the lease
• New roof 2023, Minimal Landlord Responsibilities | This investment property has little deferred maintenance, making it ideal for an out of state or 1031 buyer
• Long-term operating history | Tenant has operated at this location for over 20 years
• Excellent access to the Clemens Center Pkwy and Pennsylvania Ave | Combined 20,000 VPD
• Nearby Tenants | Pizza Hut, ALDI, Dollar Tree, Mobil, Big Lots, Walgreens, among many others
• Advance Auto Parts is ranked #337 on the Fortune 500 and accounts for an estimated 12.6% of the total auto parts industry (IBIS World)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,000 SF
Year Built
2002
Price
$1,400,000
Price Per SF
$200
Cap Rate
6.50%
NOI
$91,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Zoning
CT
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)

Links

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Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

ALDI
The YMCA
Anthony's Restaurant & Lounge
The Bistro
Community Bank NA
Tim Hortons
Weis Markets

PROPERTY TAXES

Parcel Number 070400-099-008-0003-003-001-0000 Improvements Assessment $461,000
Land Assessment $29,000 Total Assessment $490,000

PROPERTY TAXES

Parcel Number
070400-099-008-0003-003-001-0000
Land Assessment
$29,000
Improvements Assessment
$461,000
Total Assessment
$490,000
(949) 209-0700

Contacts

  • Listing ID: 29036831

  • Date on Market: 7/18/2023

  • Last Updated:

  • Address: 305 Pennsylvania Ave, Elmira, NY 14904

More public record information on 305 Pennsylvania Ave, Elmira, NY 14904

The Retail Property at 305 Pennsylvania Ave, Elmira, NY 14904 is currently available for sale. Contact Berkeley Capital Advisors for more information.

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Advance Auto Parts | 9+ Years | New Roof 2023 | 305 Pennsylvania Ave
(949) 209-0700 x

Advance Auto Parts | 9+ Years | New Roof 2023 | 305 Pennsylvania Ave

1/5

Dave Faris

(949) 209-0700

(949) 209-0700

Gary Chou

(949) 506-2012

(949) 506-2012

Matt Coates

(949) 506-2654

(949) 506-2654

Calvin Short

(949) 506-2009

(949) 506-2009

Aron Cline

(818) 632-0233

(818) 632-0233

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