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Advance Auto Parts - Rocky Mount, NC 1917 Sunset Ave 7,000 SF Retail Building Rocky Mount, NC 27804 $2,386,395 CAD ($340.91 CAD/SF) 7.25% 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 4,700 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Rocky Mount Features a Demographic Profile Hosting 37,496 Residents With an Average Household Income of $73,610
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
- The On-Demand Need For Parts By Local Shops and DIY Mechanics, Combined With the High Shipping Costs For Batteries
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 1917 Sunset Ave in Rocky Mount, NC. 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, and $9.1 Billion in Annual Sales For 2024, Providing For a Secure Investment.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2005
Price
$2,386,395 CAD
Price Per SF
$340.91 CAD
Cap Rate
7.25%
NOI
$173,012 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.80 AC
Zoning
B2
Parking
40 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advance Auto Parts
- Retailer
- 7,000 SF
- $24.72 CAD
- Double Net
- Nov 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advance Auto Parts | Retailer | 7,000 SF | $24.72 CAD | Double Net | Nov 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3840-16-84-4349 | Improvements Assessment | $771,466 CAD |
| Land Assessment | $906,105 CAD | Total Assessment | $1,677,571 CAD |
PROPERTY TAXES
Parcel Number
3840-16-84-4349
Land Assessment
$906,105 CAD
Improvements Assessment
$771,466 CAD
Total Assessment
$1,677,571 CAD
CONTACTS
-
Jack Liberatore -
Jake Mahon -
Clifton McCrory -
Adam Scherr -
Sands Investment Group
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Advance Auto Parts - Rocky Mount, NC | 1917 Sunset Ave
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