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Auto Parts

Advance Auto Parts (NNN Lease - 10 Yrs Remain)

1367 S Main Ave, Sioux Center, IA 51250

Listing Price: $2,050,000

Cap Rate
5.60%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.4
Gross SF
6,889
Guarantor
Corporate Guarantee
Rentable SF
6,889
Price/Gross SF
$297.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.67

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located off Main Street in Sioux Center, Iowa. The offering includes a favorable corporate guaranteed NNN lease through February of 2031. Built in 2016, the site is situated on an expansive 1.27-acre lot with ample parking. The property is well located with great visibility and in close proximity to national retailers such as Walmart Supercenter, Hy-Vee, Dairy Queen, AT&T and Bomgaars.

Investment Highlights

  • Corporate Guaranteed NNN Lease Through February 28, 2031
  • Passive Lease Structure - Landlord Only Responsible for Structure/Slab/Foundation (Tenant Responsible for Roof/Parking/HVAC)
  • Newer 2016 Build, Large 1.27 Acre Parcel
  • Located Only One Block from Walmart Supercenter

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Auto Parts

Advance Auto Parts (NNN Lease - 10 Yrs Remain)

Listing Price: $2,050,000

Cap Rate
5.60%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.4
Gross SF
6,889
Guarantor
Corporate Guarantee
Rentable SF
6,889
Price/Gross SF
$297.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.67

Investment Highlights

  • Corporate Guaranteed NNN Lease Through February 28, 2031
  • Passive Lease Structure - Landlord Only Responsible for Structure/Slab/Foundation (Tenant Responsible for Roof/Parking/HVAC)
  • Newer 2016 Build, Large 1.27 Acre Parcel
  • Located Only One Block from Walmart Supercenter

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located off Main Street in Sioux Center, Iowa. The offering includes a favorable corporate guaranteed NNN lease through February of 2031. Built in 2016, the site is situated on an expansive 1.27-acre lot with ample parking. The property is well located with great visibility and in close proximity to national retailers such as Walmart Supercenter, Hy-Vee, Dairy Queen, AT&T and Bomgaars.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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