157 Park St - Freestanding FOR SALE


Canton, NC 28716
$571,000 USD
704-697-1900
157 Park St, Canton, NC for Sale
$571,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

157 Park St
Canton, NC 28716


HIGHLIGHTS

  • Rare Abs. NNN Lease W/ Low Rent
  • Long Operating History
  • Corporate Guaranty From Credit Tenant

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 nearly 14 years - Tenant recently signed a 10 year extension, showing commitment to the site Rare Abs. NNN Lease Structure - 10 Year Abs. NNN Lease - Six (6) - five (5) year options - Zero LL responsibility - Tenant is paying below market rent which allows for a healthier rent-to-sales ratio Nearby Market Drivers - Over 474K SF of retail space is located in a 1-mile radius (nearby retailers include: Food Lion, Hardee’s, Pizza Hut, and Walgreens) - Down the road from Canton Middle School (420 students) and Pisgah High School (927 Students) Accessible Location - Located off of Park St (17K VPD) with full access into the site - Less than a half-mile to historic downtown Canton

FOR SALE DETAILS

PRICE

$571,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

6%

% 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

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,666 SF

ZONING

CNC-2

APN/PARCEL ID

8657-50-7177

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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