3639 Harrison Ave - Freestanding FOR SALE


Butte, MT 59701
$1,433,000 USD
704-697-1900
3639 Harrison Ave, Butte, MT for Sale
$1,433,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

3639 Harrison Ave
Butte, MT 59701


HIGHLIGHTS

  • Rare Abs. NNN Lease
  • Long Operating History with Recent Extensions
  • Synergies with Nearby Auto Users

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 13 years - Tenant recently signed a 10 year extension, showing commitment to the site - Currently operating as a Carquest store due to good recognition in market 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 Fronting Major Retail Corridor - Subject site fronts Harrison Ave (22.2K VPD) - Over 1MSF of retail space is located in a 1-mile radius boasting a 0.7% vacancy rate (nearby retailers: Walmart Supercenter, Staples, Hwy 55, Goodwill, Buffalo Wild Wings, and Subway) - Over 16K SF of absorption YoY Accessible Location - Right in and right out of Harrison Avenue with cross access through the adjacent shopping center, with a dedicated turn lane into the shopping center Synergies with Nearby Auto Users - Synergies with nearby auto users help drive tenant sales - Three auto deals in the immediate area (GM of Butte, Butte Doge, Butte Subaru, and Denny Menholt Ford)

FOR SALE DETAILS

PRICE

$1,433,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CARQUEST (Advance Auto Parts)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C-2

APN/PARCEL ID

01-1198-31-1-05-18-0000

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.