Auto Parts

Advance Auto Parts

Listing Price: $1,695,000

Cap Rate
6.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.90
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$242.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Advance Auto Parts in Macon, GA. The property consists of a 7,000-square foot, freestanding building that sits on approximately 1.14 acres of land. There are approximately 6.9 years remaining on the current lease term, with a twenty percent rental escalation scheduled in the first option. Advance Auto Parts recently signed a 5-year lease extension in 2020, showing their long-term commitment to the site. The property is near the intersection of Interstate 475 and Zebulon Road, where combined traffic counts exceed 76,804 vehicles per day. The area is dense with more than 141,799 residents within a ten-mile radius. Macon is also the largest city in the Macon–Warner Robins Combined Statistical Area, a trading area with an estimated 420,693 residents. Surrounding retailers in the immediate area include Walmart Supercenter, Lowe’s, Kohl’s, Kroger, Chick-fil-A, CVS, Applebee’, Taco Bell, Wendy’s, McDonald’s, Waffle House, Krystal, Walgreens, Wells Fargo, Marco’s Pizza and many more.

Investment Highlights

  • Tenant Recently Extended the Initial Term by Five Years, Showing a Commitment to the Site
  • Proven Location with Healthy Rent-to-Sales Ratio
  • Triple Net Lease with with Minimal Landlord Responsibilities
  • Near the Intersection of I-475 and Zebulon Road, Where Combined Traffic Counts Exceed 76,804 VPD
  • More than 141,799 Residents Within a Ten-Mile Radius
  • Corporate Guaranty from Advance Stores Company, Inc. (NYSE: AAP)

Exclusively Listed By

Listing Price: $1,695,000

Cap Rate
6.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.90
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$242.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Highlights

  • Tenant Recently Extended the Initial Term by Five Years, Showing a Commitment to the Site
  • Proven Location with Healthy Rent-to-Sales Ratio
  • Triple Net Lease with with Minimal Landlord Responsibilities
  • Near the Intersection of I-475 and Zebulon Road, Where Combined Traffic Counts Exceed 76,804 VPD
  • More than 141,799 Residents Within a Ten-Mile Radius
  • Corporate Guaranty from Advance Stores Company, Inc. (NYSE: AAP)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Advance Auto Parts in Macon, GA. The property consists of a 7,000-square foot, freestanding building that sits on approximately 1.14 acres of land. There are approximately 6.9 years remaining on the current lease term, with a twenty percent rental escalation scheduled in the first option. Advance Auto Parts recently signed a 5-year lease extension in 2020, showing their long-term commitment to the site. The property is near the intersection of Interstate 475 and Zebulon Road, where combined traffic counts exceed 76,804 vehicles per day. The area is dense with more than 141,799 residents within a ten-mile radius. Macon is also the largest city in the Macon–Warner Robins Combined Statistical Area, a trading area with an estimated 420,693 residents. Surrounding retailers in the immediate area include Walmart Supercenter, Lowe’s, Kohl’s, Kroger, Chick-fil-A, CVS, Applebee’, Taco Bell, Wendy’s, McDonald’s, Waffle House, Krystal, Walgreens, Wells Fargo, Marco’s Pizza and many more.

Exclusively Listed By

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