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Advance Auto Parts 1107 N Broad St 6,124 SF Retail Building Edenton, NC 27932 $1,860,552 CAD ($303.81 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Convenient access to nearby educational institutions like the College of The Albemarle and John A. Holmes High School
- Stable and long-term investment opportunity
- Easily accessible from Highway 17
EXECUTIVE SUMMARY
±6,000 SF Free standing building on ±0.79 acres
Asking price: $1,332,850
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
Asking price: $1,332,850
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,124 SF
Building Class
B
Year Built
2008
Price
$1,860,552 CAD
Price Per SF
$303.81 CAD
Cap Rate
7%
NOI
$130,239 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.79 AC
Zoning
CH - Highway Commercial
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
147’ on North Broad Street
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7805-16-94-4538 | Improvements Assessment | $1,660,118 CAD |
| Land Assessment | $82,768 CAD | Total Assessment | $1,742,885 CAD |
PROPERTY TAXES
Parcel Number
7805-16-94-4538
Land Assessment
$82,768 CAD
Improvements Assessment
$1,660,118 CAD
Total Assessment
$1,742,885 CAD
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Advance Auto Parts | 1107 N Broad St
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