305 Pennsylvania Ave - Auto Repair FOR SALE


Elmira, NY 14904
$1,400,000 USD
949-209-0700
305 Pennsylvania Ave, Elmira, NY for Sale
$1,400,000 USD
Auto Repair - FOR SALE
1/4
null | 6.5% Cap Rate

305 Pennsylvania Ave
Elmira, NY 14904


OVERVIEW

• Corporately guaranteed asset backed by BBB- credit (S&P) • Long-term asset | Over 9 years of term remaining on the base term of the lease • New roof 2023, Minimal Landlord Responsibilities | This investment property has little deferred maintenance, making it ideal for an out of state or 1031 buyer • Long-term operating history | Tenant has operated at this location for over 20 years • Excellent access to the Clemens Center Pkwy and Pennsylvania Ave | Combined 20,000 VPD • Nearby Tenants | Pizza Hut, ALDI, Dollar Tree, Mobil, Big Lots, Walgreens, among many others • Advance Auto Parts is ranked #337 on the Fortune 500 and accounts for an estimated 12.6% of the total auto parts industry (IBIS World)

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts | 9+ Years | New Roof 2023

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

CT

APN/PARCEL ID

070400-099-008-0003-003-001-0000

ASK ABOUT THIS PROPERTY

Dave FarisBerkeley Capital AdvisorsMore Info
949-209-0700

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Dave FarisBerkeley Capital AdvisorsMore Info
949-209-0700

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