Advance Auto Parts - Brooklyn, CT | 465 Providence Rd
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Advance Auto Parts - Brooklyn, CT 465 Providence Rd
7,000 SF Retail Building Brooklyn, CT 06234 $1,357,576 ($194/SF) 8.25% Cap Rate
Investment Highlights
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB- From S&P
- Brooklyn Boasts Strong Demographics With an Average Household Income Exceeding $80,000 Within a 5-Mile Radius
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Situated on Providence Rd, Which Experiences a High Traffic Volume of Over 15,000 VPD
- The Lease Includes a 10% Rent Increase During Each Option Period
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer for Sale the 7,000 SF Advance Auto Parts Located at 465 Providence Road in Brooklyn, Connecticut. This Deal Includes a 10% Rent Increase During Each Option Period With a Triple Net Lease That is Backed By Advance Auto Parts, a Company With an InvestmentGrade Credit Rating of BBB- From S&P and Baa2 From Moody's, and $11.3 Billion in Annual Sales For 2023, Providing For a Secured Investment.
BoR: Andrew Ackerman - Lic. CT #REB.0792529
BoR: Andrew Ackerman - Lic. CT #REB.0792529
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2006
Price
$1,357,576
Price Per SF
$194
Cap Rate
8.25%
NOI
$112,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.88 AC
Zoning
PC - Planned Commercial
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
163 FT on Providence Rd
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- $16.00
- Triple Net
- Jul 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | $16.00 | Triple Net | Jul 2026 |
PROPERTY TAXES
| Parcel Number | BROO-000041-000000-000112 | Improvements Assessment | $657,200 |
| Land Assessment | $203,400 | Total Assessment | $860,600 |
PROPERTY TAXES
Parcel Number
BROO-000041-000000-000112
Land Assessment
$203,400
Improvements Assessment
$657,200
Total Assessment
$860,600
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Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group
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Advance Auto Parts - Brooklyn, CT | 465 Providence Rd
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