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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

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,779 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.11 AC
Zoning
C2
Parking
16 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
77 FT on Tennessee Ave

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)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
107G-A-039.00
Land Assessment
$131,480
Improvements Assessment
$186,920
Total Assessment
$318,400
  • Listing ID: 19080160

  • Date on Market: 4/1/2020

  • Last Updated:

  • Address: 725 N Tennessee Ave, Etowah, TN 37331

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