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3919 Rhodes Ave
New Boston, OH 45662
Advance Auto Parts - New Boston, OH · Retail Property For Sale
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, New Boston features a demographic profile hosting 20,174 residents with an average household income of $55,111.
- 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 and other parts.
Executive Summary
We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 3919 Rhodes Avenue in New Boston, 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 secure 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
2005
Price
$1,634,206 CAD
Price Per SF
$233.46 CAD
Cap Rate
8.50%
NOI
$138,907 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.71 AC
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
72’ on Rhodes Ave
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 28-0293.000 | Improvements Assessment | $225,776 CAD |
| Land Assessment | $124,258 CAD | Total Assessment | $350,033 CAD |
Property Taxes
Parcel Number
28-0293.000
Land Assessment
$124,258 CAD
Improvements Assessment
$225,776 CAD
Total Assessment
$350,033 CAD
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