Advance Auto Parts - Delaware, OH | 525 N Houk Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Advance Auto Parts - Delaware, OH 525 N Houk Rd
7,000 SF Retail Building Delaware, OH 43015 $1,819,126 ($260/SF) 7.55% Cap Rate
Investment Highlights
- Over 3-Years Remaining on a Corporate-Guaranteed Lease
- Positioned Directly Off W Central Ave, With Daily Traffic Exceeding 15,000 Vehicles
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Situated in a Thriving Community With 107,195 Residents and an Average Household Income of $158,910 Within a 10-Mile Radius
- 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
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 525 North Houk Road in Delaware, OH. This Deal Includes a Over 3-Years Remaining on a Corporate-Guaranteed Triple Net Lease Lease That is also Backed By Advance Auto Parts, a Company With an Investment Grade 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.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BOR: Scott Reid Lic. OH #BRKP.2020001224
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
Building Size
7,000 SF
Building Class
B
Year Built
2008
Price
$1,819,126
Price Per SF
$260
Cap Rate
7.55%
NOI
$137,344
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.98 AC
Zoning
Commercial - Commercial
Parking
36 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
415 FT on N Houk Rd
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- $19.62
- Triple Net
- Jul 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | $19.62 | Triple Net | Jul 2028 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 519-320-22-006-000 | Improvements Assessment | $260,680 |
| Land Assessment | $131,880 | Total Assessment | $392,560 |
PROPERTY TAXES
Parcel Number
519-320-22-006-000
Land Assessment
$131,880
Improvements Assessment
$260,680
Total Assessment
$392,560
Contacts
-
Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Advance Auto Parts - Delaware, OH | 525 N Houk Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.