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Advance Auto Parts 2820 S Business Dr 7,000 SF Retail Building Sheboygan, WI 53081 $1,575,893 CAD ($225.13 CAD/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Long-Term Occupancy
- Rent Increases
- Strategic Location
- Corporate Lease
- Minimal Landlord Responsibilities
- Recession & E-Commerce Resistant Tenant
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2820 South Business Drive in Sheboygan, Wisconsin (the “Property”). Constructed in 2003, Advance Auto Parts has been at this location for 22 years and has extended their lease and exercised a renewal option, demonstrating their commitment to the site and the market. Advance Auto Parts has 3+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. The Property is situated on a highly visible corner parcel along S Business Drive (WI Route 28), the area’s primary commercial and commuter corridor. Advance Auto Parts is a pad site to a Piggly Wiggly anchored shopping center and enjoys outstanding visibility and frontage and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the southern end of Sheboygan, the Property is close to Lake Michigan and South Shore Beach and is seconds from densely populated residential areas that provide a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee. ANDREW O’CONNELL WI BROKER LICENSE #: 60144-90
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2003
Price
$1,575,893 CAD
Price Per SF
$225.13 CAD
Cap Rate
7.50%
NOI
$118,192 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Zoning
MER
Frontage
167’ on S Business Dr
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 59281431736 | Improvements Assessment | $1,022,859 CAD |
| Land Assessment | $446,717 CAD | Total Assessment | $1,469,575 CAD |
PROPERTY TAXES
Parcel Number
59281431736
Land Assessment
$446,717 CAD
Improvements Assessment
$1,022,859 CAD
Total Assessment
$1,469,575 CAD
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Advance Auto Parts | 2820 S Business Dr
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