Auto Parts

Advance Auto

629 Grants Ferry Rd, Flowood, MS 39232

Listing Price: $764,705

Cap Rate
8.00%
Tenant Name
Advance Stores Company, Inc,
Years Remaining On Lease
2.6
Gross SF
6,718
Guarantor
Corporate Guarantee
Rentable SF
6,718
Price/Gross SF
$113.83
Lease Type
Absolute Net
Rent Per Square Feet
$9.11

Investment Overview

The subject investment property is situated Grants Ferry Road, which has an average daily traffic count of 10,000 vehicles. The subject property also benefits from its close proximity to Lakeland Drive, which is on of the main thoroughfares in the area. As such, Lakeland Drive has an average daily traffic count of 28,500 vehicles. There are more approximately 51,000 individuals residing within a five-mile radius of the property and 202,000 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Regions, Sonic, Tractor Supply Co, Burger King, Wendys, OReilly Auto Parts, Dairy Queen, Dollar General, Waffle House, Taco Bell, and many more. In addition to these numerous retail and restaurant concepts, the subject property benefits from its close proximity to Northwest Rankin High School, which is one of the largest academic facilities in the area and has a total enrollment of nearly 1,700 students. Another attraction to the immediate area is the University of Mississippi Medical Center Grants Ferry, which is a state-of-the-art research facility dedicated to discovering innovative ways to treat and precent the diseases that effect daily life.

Investment Highlights

  • Advance Stores Company, Inc. Guaranty | Wholly Owned Subsidiary of Advance Auto Parts
  • Absolutely Triple Net (NNN) Lease Structure
  • Approximately 3 Years Remaining on the Lease

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

Listing Price: $764,705

Cap Rate
8.00%
Tenant Name
Advance Stores Company, Inc,
Years Remaining On Lease
2.6
Gross SF
6,718
Guarantor
Corporate Guarantee
Rentable SF
6,718
Price/Gross SF
$113.83
Lease Type
Absolute Net
Rent Per Square Feet
$9.11

Investment Highlights

  • Advance Stores Company, Inc. Guaranty | Wholly Owned Subsidiary of Advance Auto Parts
  • Absolutely Triple Net (NNN) Lease Structure
  • Approximately 3 Years Remaining on the Lease

Investment Overview

The subject investment property is situated Grants Ferry Road, which has an average daily traffic count of 10,000 vehicles. The subject property also benefits from its close proximity to Lakeland Drive, which is on of the main thoroughfares in the area. As such, Lakeland Drive has an average daily traffic count of 28,500 vehicles. There are more approximately 51,000 individuals residing within a five-mile radius of the property and 202,000 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants include: Walmart, Regions, Sonic, Tractor Supply Co, Burger King, Wendys, OReilly Auto Parts, Dairy Queen, Dollar General, Waffle House, Taco Bell, and many more. In addition to these numerous retail and restaurant concepts, the subject property benefits from its close proximity to Northwest Rankin High School, which is one of the largest academic facilities in the area and has a total enrollment of nearly 1,700 students. Another attraction to the immediate area is the University of Mississippi Medical Center Grants Ferry, which is a state-of-the-art research facility dedicated to discovering innovative ways to treat and precent the diseases that effect daily life.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Mickey Davis

    Associate

    License(s): MS: 15586

    Mississippi

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