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Advance Auto Parts 311 W Fort Williams St 8,075 SF Retail Building Sylacauga, AL 35150 $1,227,700 CAD ($152.04 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Extremely Long Operating History
- Recession Resistant Business Due to Non Discretionary Nature of Services
- Attractive R/SF & P/SF
- Corporate Guarantee from Advance Stores Company Inc.
Executive Summary
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 311 W Fort Williams Street, Sylacauga, AL 35150. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Advance Auto Parts is subject to a 10 Years-year Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $69,600 and has scheduled increases of 26% in next option period.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,075 SF
Building Class
C
Year Built
1993
Price
$1,227,700 CAD
Price Per SF
$152.04 CAD
Cap Rate
7.75%
NOI
$95,147 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.83 AC
Zoning
C - Commercial Retail
Frontage
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-09-32-2-007-004.000 | Improvements Assessment | $75,616 CAD |
| Land Assessment | $51,342 CAD | Total Assessment | $126,958 CAD |
Property Taxes
Parcel Number
27-09-32-2-007-004.000
Land Assessment
$51,342 CAD
Improvements Assessment
$75,616 CAD
Total Assessment
$126,958 CAD
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Advance Auto Parts | 311 W Fort Williams St
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