404 N 5th Ave - Freestanding FOR SALE


Manchester, GA 31816
$928,571 USD
800-385-6421
404 N 5th Ave, Manchester, GA for Sale
$928,571 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

404 N 5th Ave
Manchester, GA 31816


OVERVIEW

No Competition In Immediate Area - Nearest Auto Parts competitor is located 18.5 miles away. 7+ Years Remaining - On the primary term including four, 5-year options. Low Rent-to-Sales Ratio - Sub 4% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts’ commitment to the site. Previous Early Lease Extensions - Advance Auto Parts have consistently extended their lease demonstrating their commitment to this site. NN Lease - Minimal Landlord responsibilities. Corporate Guarantee From An Investment Grade Tenant - Baa3 Moody’s Credit Rating. Excellent visibility along N 5th Ave - 12,500+ VPD along N 5th Ave. Low Rent Per Square Foot - Advance Auto Parts is paying $9.29 Per SF at this location. Below Replacement Cost - Could not purchase land and build this building for less money. Columbus, GA MSA - Population exceeded 323,700 within Columbus, GA MSA in 2023. Surrounded by Ideal Auto Parts Consumer Base - Average Household Income is $64,898 within 5 miles of the property.

FOR SALE DETAILS

PRICE

$928,571 USD

PRICE/SF

$133 USD /SF

CAP RATE

7%

% 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

38

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

001

APN/PARCEL ID

MA11-234

ASK ABOUT THIS PROPERTY

Gregory FitzgeraldTri-Oak Consulting GroupMore Info
800-385-6421

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Gregory FitzgeraldTri-Oak Consulting GroupMore Info
800-385-6421

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