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Auto Parts

Advance Auto Parts

210 S Pike St, Shinnston, WV 26431

Listing Price: $1,099,999

Cap Rate
5.00%
Tenant Name
Advance Stores Company Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$7.86

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 210 S. Pike St., Shinnston, WV. The site consists of roughly 6,895 rentable square feet of building space on estimated 0.5-acre parcel of land. Advance Auto Parts has been a tenant since 1999 and currently has over 9-years remaining on a double-net lease. The current annual rent is $55,000 and is scheduled to increase by 4.10% and 5.87% respectively in each of the two (2), five (5)-year tenant renewal option periods.

Investment Highlights

  • More than 9 Years Left on a Double-Net Lease (NN)
  • Two (2) Five (5) Year Tenant Renewal Option Periods | Potential Lease Term is More than Nineteen (19) Years
  • Attractive Rental Increases Throughout Renewal Options (4.10% and 5.87%)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Auto Parts

Advance Auto Parts

Listing Price: $1,099,999

Cap Rate
5.00%
Tenant Name
Advance Stores Company Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$7.86

Investment Highlights

  • More than 9 Years Left on a Double-Net Lease (NN)
  • Two (2) Five (5) Year Tenant Renewal Option Periods | Potential Lease Term is More than Nineteen (19) Years
  • Attractive Rental Increases Throughout Renewal Options (4.10% and 5.87%)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 210 S. Pike St., Shinnston, WV. The site consists of roughly 6,895 rentable square feet of building space on estimated 0.5-acre parcel of land. Advance Auto Parts has been a tenant since 1999 and currently has over 9-years remaining on a double-net lease. The current annual rent is $55,000 and is scheduled to increase by 4.10% and 5.87% respectively in each of the two (2), five (5)-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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