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Advance Auto Parts - Oberlin, OH 14911 State Route 58 7,000 SF Retail Building Oberlin, OH 44074 $2,246,737 CAD ($320.96 CAD/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Oberlin Features a Demographic Profile Hosting 10,284 Residents With an Average Household Income of $87,919
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
- The On-Demand Need For Parts And High Shipping Costs Make Retail Auto Parts A Recession- And E-Commerce-Proof Essential Business
EXECUTIVE SUMMARY
We Are Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 14911 State Route 58 in Oberlin, OH. This Deal Includes a Lease Which is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's, and $9.1 Billion in Annual Sales For 2024, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2007
Price
$2,246,737 CAD
Price Per SF
$320.96 CAD
Cap Rate
8.25%
NOI
$185,356 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.77 AC
Zoning
C - Commercial
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
112’ on Oh-58 Hwy
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advance Auto Parts
- Retailer
- 7,000 SF
- $26.69 CAD
- Double Net
- Jan 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advance Auto Parts | Retailer | 7,000 SF | $26.69 CAD | Double Net | Jan 2028 |
PROPERTY TAXES
| Parcel Number | 14-00-016-000-018 | Improvements Assessment | $399,042 CAD |
| Land Assessment | $142,590 CAD | Total Assessment | $541,631 CAD |
PROPERTY TAXES
Parcel Number
14-00-016-000-018
Land Assessment
$142,590 CAD
Improvements Assessment
$399,042 CAD
Total Assessment
$541,631 CAD
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Advance Auto Parts - Oberlin, OH | 14911 State Route 58
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