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Auto Parts

Advance Auto Parts

3805 Nash St NW, Wilson, NC 27896

Listing Price: $1,080,000

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.9
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$154.29
Lease Type
Double Net
Rent Per Square Feet
$10.80

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 3805 Nash St. NW, Wilson, North Carolina 27896 (the Property), a 7,000-square-foot Auto Parts Store in which Advance Auto Parts has over 10 years remaining on their double-net lease. The tenant has operated at this location since 2003 and has three, five-year renewal options remaining, with a 36 percent rent increase in the first option and a 5 percent rent increase in the second and third option to offset inflation.

The Property is strategically located near the signalized intersection of two major retail corridors anchored by Shell and Exxon, with neighboring retail tenants including Bojangles, Taco Bell, Dairy Queen, Pizza Hut and CVS. Additionally, the Property is less than three miles east of the Wilson Industrial Air Center.

Investment Highlights

  • Prime Retail Location — Visibility to Over 45,000 Vehicles per Day
  • Over 10 Years Remaining on Double-Net Lease — Minimal Landlord Responsibilities
  • Three, Five-Year Renewal Options Remaining
  • Significant Rent Increase in First, Five-Year Renewal Option
  • Nearby Retailers Include Shell, Exxon, Bojangles, Taco Bell, Dairy Queen, Pizza Hut, CVS and More
  • Population of 49,805 within a Five Mile Radius

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Auto Parts

Advance Auto Parts

Listing Price: $1,080,000

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.9
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$154.29
Lease Type
Double Net
Rent Per Square Feet
$10.80

Investment Highlights

  • Prime Retail Location — Visibility to Over 45,000 Vehicles per Day
  • Over 10 Years Remaining on Double-Net Lease — Minimal Landlord Responsibilities
  • Three, Five-Year Renewal Options Remaining
  • Significant Rent Increase in First, Five-Year Renewal Option
  • Nearby Retailers Include Shell, Exxon, Bojangles, Taco Bell, Dairy Queen, Pizza Hut, CVS and More
  • Population of 49,805 within a Five Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 3805 Nash St. NW, Wilson, North Carolina 27896 (the Property), a 7,000-square-foot Auto Parts Store in which Advance Auto Parts has over 10 years remaining on their double-net lease. The tenant has operated at this location since 2003 and has three, five-year renewal options remaining, with a 36 percent rent increase in the first option and a 5 percent rent increase in the second and third option to offset inflation. The Property is strategically located near the signalized intersection of two major retail corridors anchored by Shell and Exxon, with neighboring retail tenants including Bojangles, Taco Bell, Dairy Queen, Pizza Hut and CVS. Additionally, the Property is less than three miles east of the Wilson Industrial Air Center.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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