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Advance Auto Parts - Yorkville, NY 323 Oriskany Blvd 7,000 SF Retail Building Yorkville, NY 13495 $1,841,465 CAD ($263.07 CAD/SF) 7.50% Cap Rate

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Investment Highlights

20+ YEARS OF CONTINUOUS OCCUPANCY - Advance Auto Parts has operated continuously at this location since 2003, demonstrating long-term commitment to th
CORPORATE-GUARANTEED LEASE WITH RENT GROWTH - Corporate-guaranteed NN lease with approximately 6 years remaining and 7% rental increases throughout ea

INVESTMENT-GRADE TENANT | NATIONAL MARKET LEADER - Leased to Advance Auto Parts (NYSE: AAP), one of the nation's largest automotive aftermarket retail

Executive Summary

- 20+ YEARS OF CONTINUOUS OCCUPANCY - Advance Auto Parts has operated continuously at this location since 2003, demonstrating long-term commitment to the site and validating the strength of the underlying real estate.
- INVESTMENT-GRADE TENANT | NATIONAL MARKET LEADER - Leased to Advance Auto Parts (NYSE: AAP), one of the nation's largest automotive aftermarket retailers with over 4,200 locations nationwide and a BBB- credit rating.
- CORPORATE-GUARANTEED LEASE WITH RENT GROWTH - Corporate-guaranteed NN lease with approximately 6 years remaining and 7% rental increases throughout each option period.
- HIGH-TRAFFIC RETAIL CORRIDOR | 21,359 VPD - Positioned along Oriskany Boulevard, one of the primary commercial corridors serving the Utica-Rome MSA, alongside Aldi, Wendy's, Taco Bell, AutoZone, Safelite and numerous additional national retailers.
- SERVING 107,000+ RESIDENTS WITHIN FIVE MILES - Located just two miles from Downtown Utica, the property serves one of the region's largest population bases with more than 107,000 residents and nearly 57,300 employees within a five-mile radius.
- AGING U.S. VEHICLE FLEET SUPPORTS LONG-TERM DEMAND - The average age of U.S. vehicles has reached a record 12.8 years, supporting durable long-term demand for automotive replacement parts and maintenance.

Yorkville, NY_Advance Auto Parts_7.50_

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

7,000 SF

Building Class

Year Built

2003

Price

$1,841,465 CAD

Price Per SF

$263.07 CAD

Cap Rate

7.50%

NOI

$138,110 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

1.17 AC

Zoning

Frontage

100’ on 6th St

Bus Line

Pylon Sign

Signage

Major Tenants

Retailer
-
$22.60 CAD
Triple Net
Dec 2023

Advance Auto Parts began in 1932 and grew into an automotive aftermarket parts provider serving professional installers and do-it-yourself customers. The company offers parts, accessories, and related shopping support through retail stores, Carquest-branded independent locations, and digital channels that support maintenance, repair, and performance needs. Advance Auto Parts maintains a broad North American market presence, with stores primarily in the United States and additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands.