Advance Auto Parts 7576 Lake Underhill Rd 6,825 SF Retail Building Orlando, FL 32822 $1,591,762 ($233.23/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

2002 build-to-suit construction for Advance Auto Parts
Attractive 10% rental increase in 2028
5-Mile population of 309,152 residents.

Advance Auto signed a brand new lease in 2020, proving their long term commitment to the location and market
±8.50-Years remaining on the base term of the lease
Average household income of $102,191 annually

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Auto Repair

Building Size

6,825 SF

Building Class

Year Built

2002

Price

$1,591,762

Price Per SF

$233.23

Cap Rate

NOI

$95,506

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

1.00 AC

Zoning

C-1

Parking

27 Spaces (3.96 Spaces per 1,000 SF Leased)

Frontage

88’ on Lake Underhill Rd

AMENITIES

Dedicated Turn Lane

Freeway Visibility

Pylon Sign

Signage

MAJOR TENANTS

Retailer
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Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,125 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands.