Auto Parts
Advance Auto Parts - Dark
2652 US-41, Marquette, MI 49855
Listing Price: $1,050,000
Cap Rate
11.66%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
1.9
Gross SF
6,825
Guarantor
Corporate Guarantee
Rentable SF
6,825
Price/Gross SF
$153.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.93
Investment Overview
Dark Advance Auto Parts 6,825 SF building on .9 acres with a triple net lease expiring November 2026. Annual NOI is $122,400 per year. Redevelopment opportunity in Marquette, MI on US-41 (ADTC- 29,000) near near Walmart, Meijer, Lowe's and Kohl's.
Investment Highlights
- o Value-add redevelopment – store closing early 2025- lease expires November 30, 2026
- o Triple net lease – tenant responsible for maintenance of roof, parking lot and NNN expenses
- o 6,825 square foot building on US Hwy 41 (29,000 ADTC – 2023) near Walmart & Menards
- o Priced at $150 per square foot, below replacement cost
- o Zoned General Business – permitting most retail uses without a special use permit
Exclusively Listed By
Financing By
Listing Price: $1,050,000
Cap Rate
11.66%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
1.9
Gross SF
6,825
Guarantor
Corporate Guarantee
Rentable SF
6,825
Price/Gross SF
$153.85
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.93
Investment Highlights
- o Value-add redevelopment – store closing early 2025- lease expires November 30, 2026
- o Triple net lease – tenant responsible for maintenance of roof, parking lot and NNN expenses
- o 6,825 square foot building on US Hwy 41 (29,000 ADTC – 2023) near Walmart & Menards
- o Priced at $150 per square foot, below replacement cost
- o Zoned General Business – permitting most retail uses without a special use permit
Investment Overview
Dark Advance Auto Parts 6,825 SF building on .9 acres with a triple net lease expiring November 2026. Annual NOI is $122,400 per year. Redevelopment opportunity in Marquette, MI on US-41 (ADTC- 29,000) near near Walmart, Meijer, Lowe's and Kohl's.