12A Broad St - Freestanding FOR SALE
Carthage, NY 13619 |
$1,140,740 USD
586-804-8449
12A Broad St
Carthage, NY 13619
HIGHLIGHTS
- Freestanding Retail Building with Ample Parking, and Excellent Frontage & Visibility
- Advance Auto Parts has Been Successfully Operating at this Location Since 2003 and Recently Extended its Lease, Indicating Strong Store Performance
- Automotive Parts and Service Are Essential-Use, with Consistent Demand in all Market Cycles
OVERVIEW
Corporate Backed Lease. Advance Auto Parts, Inc. (NYSE: AAP) is a Publicly Traded Fortune 500 Company with Over4,600 Stores Nationwide. Tenant is Currently Paying $11 PSF, Well Below the Average Market Rent of $15.29 PSF Which Offers Future Re-Leasing Flexibility and Potential Upside While Minimizing Down-Side Risk.
FOR SALE DETAILS
PRICE
$1,140,740 USD
PRICE/SF
$163 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.2 AC
LAND SF
52,272 SF
ZONING
B
APN/PARCEL ID
223001-086-055-0001-001-100
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586-804-8449
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586-804-8449
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