56 W Lincoln Hwy - Freestanding FOR SALE
Penndel, PA 19047 |
$3,380,531 USD
843-510-0551
56 W Lincoln Hwy
Penndel, PA 19047
HIGHLIGHTS
- Over 9-Years Remaining on an Absolute Triple Net Lease - Zero Landlord Responsibilities
- This Lease is Corporately Guaranteed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB - From S&P and Baa2 From Moody's
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries and Other Parts
- Nearby Retailers include: Dunkin' Donuts, Toyota, Wawa, Denny's, Enterprise, McDonalds, Hyundai, Lowe's and Langhorne Square Shopping Center
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 56 West Lincoln Highway in Penndel, PA. This Deal Includes Over 9-Years Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibilities on a Lease That is Corporately Guaranteed By Advance Auto Parts, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383
FOR SALE DETAILS
PRICE
$3,380,531 USD
PRICE/SF
$493 USD /SF
CAP RATE
5.64%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Penndel, PA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Dealership, Auto Repair, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
CROSS STREETS
Lincoln Ave
LAND ACRES
0.98 AC
LAND SF
42,689 SF
ZONING
32RC
APN/PARCEL ID
32-003-024-001
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
843-510-0551
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
843-510-0551
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
