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625 2nd St, North Wilkesboro, NC, 28659

Advance Auto Parts
$1,158,621

Key Information

Cap Rate
7.25%
$ per SF
$143
Tot. SF
8,075
Term Remaining
±11.5 YRS
Type
Retail

Highlights

 

  • Corporately Guaranteed by Advance Auto Parts Inc.
  • Limited Landlord responsibilities
  • Recent extension, showing strong commitment to the site
  • Attractive 10% rental increases in the option period, which provides investors a hedge against inflation
  • Strong rent to sales ratio of 5.73%
  • Established Presence: Advance Auto has been at the site since 1995
  • Advance Auto Parts is a publicly traded company | NYSE: AAP
  • Credit rated tenant | S&P Global: BB+ | Moody’s: Baa3
  • Long Operating History | (91 Years) with ±4,777 locations

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203