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- LoopNet Team
725 N Tennessee Ave
Etowah, TN 37331
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- NNN lease with very passive ownership with NO day-to-day LL responsibilities
- Recently extended the lease for 9 years & 9 months which is a clear indication of the tenant's success & happiness at this location
- Tenant has successfully operated at this location since 2005
- Corporately guaranteed lease
- Located along the main thoroughfare in Etowah running through the center of town
- 2nd largest auto parts chain in the US
PROPERTY FACTS
- Freestanding
- General Retail Auto Repair
Amenities
- Pylon Sign
About 725 N Tennessee Ave , Etowah, TN 37331
FUNDAMENTAL LOCATION, VISIBILIT Y & ACCESS - Located along the main thoroughfare in Etowah running through the center of town - At the intersection of Tennessee Ave. & David W Lillard Memorial Hwy, which connects to Athens - Frontage along N Tennessee Ave. with ±12,700 VPD - Flat topography with enhanced visibility in all directions - Two (2) points of ingress/egress, including access to a signalized intersection via inter-parcel access - Large 2.11 acre parcel PASSIVE LEASE STRUCTURE - NNN lease - Very passive ownership with NO day-to-day LL responsibilities - Corporately guaranteed lease › Investment-grade credit rating of BBB-/Stable (Standard & Poor's) - Two (2), 5-year renewal options with 6% rent escalations in each option - Recently extended the lease for 9 years & 9 months which is a clear indication of the tenant's success & happiness at this location - Tenant has successfully operated at this location since 2005 INDUSTRY-LEADING TENANT - 2nd largest auto parts chain in the US - Strong corporate financials › 2019 Revenues of $9.709 B (3 straight years of growth) › 2019 Net Worth of $3.549 B (21.7% increase over 2016) › 2019 increase in net sales (1.3%), comparable store sales (1.1%), operating income (12.1%) & operating cash flow (6.9%) - Established a partnership with Walmart in 2019 to increase their omni-channel platform and overall operational efficiencies - Recession-resistant tenant › Average age of vehicles on the road in America is 11.8 years, which is an all-time high & increased an average of 4% over the last 5 years (USA Today, 2019)
Links
PROPERTY TAXES
Parcel Number | 107G-A-039.00 | Improvements Assessment | $186,920 |
Land Assessment | $131,480 | Total Assessment | $318,400 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 19080160
Date on Market: 4/1/2020
Last Updated:
Address: 725 N Tennessee Ave, Etowah, TN 37331
The Retail Property at 725 N Tennessee Ave, Etowah, TN 37331 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.