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Auto Parts

Advanced Auto Parts

1183 Toledo Blade Blvd, North Port, FL 34288

Listing Price: $2,375,000

Cap Rate
6.13%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
6,895
Lease Type
Triple Net (NNN)

Investment Overview

Marcus and Millichap is excited to present an Advanced Auto Parts store located at 1183 North Toledo Blade Boulevard in North Port, Florida. This property was created in 2013 and is approximately 6,895 square feet on a lot size of 1.29 acres. Advanced Auto Parts has seven years remaining on a 15-year lease with five five-year option periods with a 10 percent increase in the start of each option period. This market experiences an average household income of over $64,000 within a one-mile radius. Advanced Auto Parts is located just off exit 179 of Interstate 75, a major north-south interstate that connects major west coast cities of Tampa and Fort Myers. This retail auto shop is just four miles from one of two exits that connect North Point to I-75. This location is positioned in a community in which 94.6% of its residents rely on automobiles for transportation needs. In an area composed of working-class people and travelers from all over, Advanced Auto Parts succeeds in providing services to those who repair their own vehicles.

Investment Highlights

  • $64,000 Average Household Income Within a One-Mile Radius
  • Located Off of I-75, a Major Crossroad that Connects Tampa to Fort Myers
  • Next to a Shopping Plaza Centered on a Publix

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Auto Parts

Advanced Auto Parts

Listing Price: $2,375,000

Cap Rate
6.13%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
6,895
Lease Type
Triple Net (NNN)

Investment Highlights

  • $64,000 Average Household Income Within a One-Mile Radius
  • Located Off of I-75, a Major Crossroad that Connects Tampa to Fort Myers
  • Next to a Shopping Plaza Centered on a Publix

Investment Overview

Marcus and Millichap is excited to present an Advanced Auto Parts store located at 1183 North Toledo Blade Boulevard in North Port, Florida. This property was created in 2013 and is approximately 6,895 square feet on a lot size of 1.29 acres. Advanced Auto Parts has seven years remaining on a 15-year lease with five five-year option periods with a 10 percent increase in the start of each option period. This market experiences an average household income of over $64,000 within a one-mile radius. Advanced Auto Parts is located just off exit 179 of Interstate 75, a major north-south interstate that connects major west coast cities of Tampa and Fort Myers. This retail auto shop is just four miles from one of two exits that connect North Point to I-75. This location is positioned in a community in which 94.6% of its residents rely on automobiles for transportation needs. In an area composed of working-class people and travelers from all over, Advanced Auto Parts succeeds in providing services to those who repair their own vehicles.

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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