Auto Parts
Advance Auto Parts | 10+ Years Remaining | Early Lease Extension
2201 Hamilton Blvd, Sioux City, IA 51104
Listing Price: $1,231,000
Cap Rate
7.35%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
6,747
Lease Type
Double Net
Rent Per Square Feet
$13.41
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Sioux City, IA.
Advance Auto Parts | 10+ Years Remaining | Early Lease Extension
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 23+ Year Operating History at This Location, Proven Concept in the Trade Area
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.40/SF in Rent
- Serving Over 98,000 Residents in Growing Trade Area
- Down the Street from High-Volume Hy-Vee Grocery Anchored Center and Surrounded by National Retailers
Broker of Record
Auto Parts
Advance Auto Parts | 10+ Years Remaining | Early Lease Extension
Listing Price: $1,231,000
Cap Rate
7.35%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
6,747
Lease Type
Double Net
Rent Per Square Feet
$13.41
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 23+ Year Operating History at This Location, Proven Concept in the Trade Area
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.40/SF in Rent
- Serving Over 98,000 Residents in Growing Trade Area
- Down the Street from High-Volume Hy-Vee Grocery Anchored Center and Surrounded by National Retailers
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Sioux City, IA.
Broker of Record
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