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Auto Parts

Advance Auto Parts | 10 Years Remaining | Early Lease Extension | Jefferson City, MO

1232 Missouri Blvd, Jefferson City, MO 65109

Listing Price: $1,930,000

Cap Rate
6.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.9
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$275.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.55

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Advance Auto Parts located at 1232 Missouri Boulevard in the capital of Missouri, Jefferson City. The property consists of a 7,000 square-foot building on approximately a 0.79-acre parcel. This property is located in an opportunity zone that encompasses most of downtown Jefferson City. The property has excellent visibility from Missouri Boulevard to over 24,300 vehicles per day. Additionally, Advance Auto Parts is located near Interstate-50 with over 41,000 vehicles per day and Interstate-54 with over 28,200. Advance Auto Parts has operated at this location since 2007. The tenant has ten (10)-years on the triple-net lease after a recent eight year lease extension, while retaining its initial three, 5-year renewal options with increases in those options. Advance Auto Parts currently pays $115,850 in annual rent. The property is located on Missouri Boulevard which leads to the Missouri Capitol building. The property is located on the main retail corridor, near national tenants such as: Walmart, Target, Kohl’s, Menards, Sam’s Club, Starbucks, Chipotle, Chick-Fil-A, and more. There are multiple schools in the area, including Lincoln University, that have a combined total enrollment of over 3,290 students. Overall, the local market consists of over 53,000 residents and over 60,000 employees with an AHHI in excess of $54,000 per year.

Investment Highlights

  • 10 Years Remaining After a Recent Lease Extension | Triple-Net (NNN) Lease | 3, 5-Year Renewal Options With Increases in Each
  • Mature Location with Built in Customer Base | 2007 Construction | Located in an Opportunity Zone
  • Located on Missouri Blvd (24,300+ VPD) that Leads to the Missouri Capital Building | Near I-50 with 41,000+ VPD
  • Located Near National Tenants: Walmart, Target, Kohl's, Sam's Club, Starbucks, Chipotle, Chick-Fil-A, and More
  • Located Near Multiple Schools, including Lincoln University, with a Combined Total Enrollment of 3,290+
  • 53,000+ Residents and 60,000+ Employees with Average Incomes in Excess of $54,000 Per Year within 7-Miles

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Auto Parts

Advance Auto Parts | 10 Years Remaining | Early Lease Extension | Jefferson City, MO

Listing Price: $1,930,000

Cap Rate
6.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.9
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$275.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.55

Investment Highlights

  • 10 Years Remaining After a Recent Lease Extension | Triple-Net (NNN) Lease | 3, 5-Year Renewal Options With Increases in Each
  • Mature Location with Built in Customer Base | 2007 Construction | Located in an Opportunity Zone
  • Located on Missouri Blvd (24,300+ VPD) that Leads to the Missouri Capital Building | Near I-50 with 41,000+ VPD
  • Located Near National Tenants: Walmart, Target, Kohl's, Sam's Club, Starbucks, Chipotle, Chick-Fil-A, and More
  • Located Near Multiple Schools, including Lincoln University, with a Combined Total Enrollment of 3,290+
  • 53,000+ Residents and 60,000+ Employees with Average Incomes in Excess of $54,000 Per Year within 7-Miles

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Advance Auto Parts located at 1232 Missouri Boulevard in the capital of Missouri, Jefferson City. The property consists of a 7,000 square-foot building on approximately a 0.79-acre parcel. This property is located in an opportunity zone that encompasses most of downtown Jefferson City. The property has excellent visibility from Missouri Boulevard to over 24,300 vehicles per day. Additionally, Advance Auto Parts is located near Interstate-50 with over 41,000 vehicles per day and Interstate-54 with over 28,200. Advance Auto Parts has operated at this location since 2007. The tenant has ten (10)-years on the triple-net lease after a recent eight year lease extension, while retaining its initial three, 5-year renewal options with increases in those options. Advance Auto Parts currently pays $115,850 in annual rent. The property is located on Missouri Boulevard which leads to the Missouri Capitol building. The property is located on the main retail corridor, near national tenants such as: Walmart, Target, Kohl’s, Menards, Sam’s Club, Starbucks, Chipotle, Chick-Fil-A, and more. There are multiple schools in the area, including Lincoln University, that have a combined total enrollment of over 3,290 students. Overall, the local market consists of over 53,000 residents and over 60,000 employees with an AHHI in excess of $54,000 per year.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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