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Auto Parts

Advance Auto Parts (Recent 5-Yr Extension with Bump)

1659 Dakota Ave S, Huron, SD 57350

Listing Price: $724,000

Cap Rate
6.75%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
4.2
Gross SF
12,298
Guarantor
Corporate Guarantee
Rentable SF
12,298
Price/Gross SF
$58.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$3.97

Investment Overview

The offering includes a NNN leased, corporate guaranteed Advance Auto located in Huron, South Dakota. The lease was recently renewed while absorbing a rental escalation.

Investment Highlights

  • Advance Auto Just Exercised 3rd Option with 10% Rent Bump
  • Large Parcel and Larger than Normal Footprint for Advance Auto
  • NNN Lease Structure - Landlord Only Responsible for Structure/Foundation

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Auto Parts

Advance Auto Parts (Recent 5-Yr Extension with Bump)

Listing Price: $724,000

Cap Rate
6.75%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
4.2
Gross SF
12,298
Guarantor
Corporate Guarantee
Rentable SF
12,298
Price/Gross SF
$58.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$3.97

Investment Highlights

  • Advance Auto Just Exercised 3rd Option with 10% Rent Bump
  • Large Parcel and Larger than Normal Footprint for Advance Auto
  • NNN Lease Structure - Landlord Only Responsible for Structure/Foundation

Investment Overview

The offering includes a NNN leased, corporate guaranteed Advance Auto located in Huron, South Dakota. The lease was recently renewed while absorbing a rental escalation.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

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