1209 E Main St - Auto Repair FOR SALE


Rock Hill, SC 29730
$553,000 USD
704-697-1900
1209 E Main St, Rock Hill, SC for Sale
$553,000 USD
Auto Repair - FOR SALE
1/5
null | 6.25% Cap Rate

1209 E Main St
Rock Hill, SC 29730


HIGHLIGHTS

  • Rare Abs. NN Lease Structure
  • Corporate Guaranty from Strong Credit Tenant
  • Accessible Location

OVERVIEW

Corporate Guaranty from Strong Credit Tenant - Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B - Credit Rating: S&P BBB- Long Operating History with Recent Extensions - Tenant has been operating at this location for almost 15 years - Tenant recently signed a 10 year extension, showing commitment to the site Rare Abs. NNN Lease Structure W/ Low Rent - 10 Year Abs. NNN Lease - Six (6) - five (5) year options - Zero LL responsibility - Tenant is paying below market rent which allows for healthier rent-to-sales ratio Located in Auto Driven Commercial Node - Over 1.3MSF of retail and industrial space is located in a 1-mile radius (Nearby retailers: Food Lion, McDonald’s, Walgreens, Dollar General, Bojangles) - Strong synergies with surrounding auto-shops Accessible Location - Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD) intersection - 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill - Over 2.5K homes are located in a 1-mile radius

FOR SALE DETAILS

PRICE

$553,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

LC

APN/PARCEL ID

6260401003

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.