Auto Parts
Advance Auto Parts
13029 US-301, Riverview, FL 33578
Listing Price: $1,806,417
Cap Rate
6.05%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$15.61
Investment Overview
This investment is being offered at $1,806,417 which represents a 6.05% cap rate
Advance Auto Parts
Investment Highlights
- NN Lease with 4.5 years remaining due to a recent lease extension
- Landlord responsible for roof, structure and parking lot
- Tremendous upside opportunity - Rent/sq ft is significantly below market value at less than $16/sq ft
- Healthy 4.6% rent to sales ratio
- Site sees more than 51,000 vehicles per day passing by
- Proximity to a plethora of national tenants including McDonald's, Chipotle, Taco Bell, WaWa, Chick-Fil-A, Wendy's, PDQ, Dunkin', Mavis, Culver's, Dollar General, 7-Eleven, Walmart, Sprouts and more
- Positioned across the street from a Publix anchored shopping center
- Rapidly growing area - Population has increased approximately 12% since 2020
Exclusively Listed By
Listing Price: $1,806,417
Cap Rate
6.05%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$15.61
Investment Highlights
- NN Lease with 4.5 years remaining due to a recent lease extension
- Landlord responsible for roof, structure and parking lot
- Tremendous upside opportunity - Rent/sq ft is significantly below market value at less than $16/sq ft
- Healthy 4.6% rent to sales ratio
- Site sees more than 51,000 vehicles per day passing by
- Proximity to a plethora of national tenants including McDonald's, Chipotle, Taco Bell, WaWa, Chick-Fil-A, Wendy's, PDQ, Dunkin', Mavis, Culver's, Dollar General, 7-Eleven, Walmart, Sprouts and more
- Positioned across the street from a Publix anchored shopping center
- Rapidly growing area - Population has increased approximately 12% since 2020
Investment Overview
This investment is being offered at $1,806,417 which represents a 6.05% cap rate
Exclusively Listed By
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