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Advance Auto Parts - Sault Sainte Marie, MI 3701 I-75 Business Spur

7,000 SF Retail Building Sault Sainte Marie, MI 49783 $1,066,928 ($152/SF) 7.65% Cap Rate

Retail Space Michigan Sault Sainte Marie 3701 I-75 Business Spur, Sault Sainte Marie, MI 49783

Investment Highlights

  • Over 6 Years Remaining on a Corporate Guaranteed Lease
  • Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
  • Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
  • The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB - From S&P
  • 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)

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 3701 I-75 Business Spur  in  Sault Sainte Marie, MI. This Deal Includes Over 6 Years Remaining on a Corporate Guaranteed Lease and the Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential, Providing For a Secured Investment.

IN COOPERATION WITH: Sands Investment Group Michigan, LLC-Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman Mi Lic. #6502424113

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,000 SF
Building Class
C
Year Built
2003
Price
$1,066,928
Price Per SF
$152
Cap Rate
7.65%
NOI
$81,620
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.64 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Parking
27 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
197 FT on I-75 Business Spur

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Advance Auto Parts
  • Retailer
  • 7,000 SF
  • $11.66
  • Double Net
  • Mar 2031
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Advance Auto Parts Retailer 7,000 SF $11.66 Double Net Mar 2031

Links

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Nearby Major Retailers

Applebee's
Buffalo Wild Wings
Anytime Fitness
Meijer
Starbucks
BIGGBY Coffee
(843) 510-0551

Contacts

  • Listing ID: 32980825

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 3701 I-75 Business Spur, Sault Sainte Marie, MI 49783

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Advance Auto Parts - Sault Sainte Marie, MI | 3701 I-75 Business Spur
(843) 510-0551 x

Advance Auto Parts - Sault Sainte Marie, MI | 3701 I-75 Business Spur

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

(818) 625-3521

(818) 625-3521

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