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Auto Parts

Advance Auto Parts

610 S Commercial St, Harrisonville, MO 64701

Listing Price: $1,500,000

Cap Rate
7.57%
Tenant Name
Advance Stores Company, Inc
Years Remaining On Lease
7.4
Gross SF
6,895
Guarantor
Corporate Guarantee
Rentable SF
6,895
Price/Gross SF
$217.55
Lease Type
Double Net
Rent Per Square Feet
$16.47

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 610 South Commercial Street in Harrisonville, Missouri. The site consists of roughly 6,895 rentable square feet of building space on estimated 0.79-acre parcel of land. This Advance Auto Parts is subject to a 15-year absolute double-net (NN) lease, which commenced October 31, 2013. The current annual rent is $113,551 and is scheduled to increase by five percent in each of the three, five-year renewal options.

Investment Highlights

  • Double-Net (NN) Lease
  • There are Five Percent Rental Increases in Each Option
  • Has Three, Five-Year Option Periods

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

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Listing Price: $1,500,000

Cap Rate
7.57%
Tenant Name
Advance Stores Company, Inc
Years Remaining On Lease
7.4
Gross SF
6,895
Guarantor
Corporate Guarantee
Rentable SF
6,895
Price/Gross SF
$217.55
Lease Type
Double Net
Rent Per Square Feet
$16.47

Investment Highlights

  • Double-Net (NN) Lease
  • There are Five Percent Rental Increases in Each Option
  • Has Three, Five-Year Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Advance Auto Parts located at 610 South Commercial Street in Harrisonville, Missouri. The site consists of roughly 6,895 rentable square feet of building space on estimated 0.79-acre parcel of land. This Advance Auto Parts is subject to a 15-year absolute double-net (NN) lease, which commenced October 31, 2013. The current annual rent is $113,551 and is scheduled to increase by five percent in each of the three, five-year renewal options.

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

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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