Auto Parts
Advance Auto Parts | New 15-Year Modified NNN | Adjacent to Publix
3360 Bayside Lakes Blvd SE, Palm Bay (Southeast of Orlando), FL 32909
Listing Price: $3,419,000
Cap Rate
5.85%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
6,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.94
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Palm Bay, FL.
Advance Auto Parts | New 15-Year Modified NNN | Adjacent to Publix
Investment Highlights
- 15-Year Modified NNN Lease, Landlord Responsible for Structure and Foundation
- 10% Increases Every 5 Years and in Each Option Period
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Investment Grade Credit Tenant, Rated 'BBB-' by S&P
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Brand New Upgraded Block Architectural Design
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
Exclusively Listed By
Broker of Record
Financing By
Auto Parts
Advance Auto Parts | New 15-Year Modified NNN | Adjacent to Publix
Listing Price: $3,419,000
Cap Rate
5.85%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
6,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.94
Investment Highlights
- 15-Year Modified NNN Lease, Landlord Responsible for Structure and Foundation
- 10% Increases Every 5 Years and in Each Option Period
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Investment Grade Credit Tenant, Rated 'BBB-' by S&P
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Brand New Upgraded Block Architectural Design
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Palm Bay, FL.
Exclusively Listed By
Broker of Record
Financing By
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