420 Chesterfield Hwy - Freestanding FOR SALE
Cheraw, SC 29520 |
$584,942 USD
704-621-3371
420 Chesterfield Hwy
Cheraw, SC 29520
HIGHLIGHTS
- Recent Renewal – Tenant exercised 5-year renewal option early through December 31st of 2031 showing their long-term dedication to the site.
- Low Rent PSF – Tenant paying paying less than $7 per square foot.
- Strong Performing Store – Placer Ai ranks this Advance in the 95th percentile nationally and ranks #6 in the state of South Carolina.
- Defensive Product – Auto Parts sales tend to do just as well, if not better, in economic downturns and was deemed an essential retailer
- Long Term Operating History – Advance has operated successfully at this location since 1990 and recently exercised their renewal option for another 5
- Traffic Counts – Chesterfield Highway sees over ±13,200 VPD.
FOR SALE DETAILS
PRICE
$584,942 USD
PRICE/SF
$97 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
-
APN/PARCEL ID
259-003-001-009
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704-621-3371
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704-621-3371
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