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Advance Auto Parts 403 W Mile Rd NW 6,124 SF Retail Building Kalkaska, MI 49646 $1,354,703 CAD ($221.21 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Constructed in 2011 as a built-to-suit for Advance Auto Parts.
- Kalkaska is a gateway to Lake Michigan, and provides opportunity for outdoor activities in all seasons such as camping, ATVs, snowmobiles, and mountai
- Nearby national tenants include Arby’s, Burger King, Taco Bell, McDonalds, Dollar General, Ace Hardware, and more.
- Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occu
- Healthy average household income of $73,945 in a 5-mile radius.
- Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
Executive Summary
Broker of Record
Matthew Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthew Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,124 SF
Building Class
C
Year Built
2011
Price
$1,354,703 CAD
Price Per SF
$221.21 CAD
Cap Rate
7.50%
NOI
$101,603 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.62 AC
Parking
24 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
167’ on West Estate Road
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 041-402-001-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $491,252 CAD |
Property Taxes
Parcel Number
041-402-001-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$491,252 CAD
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Advance Auto Parts | 403 W Mile Rd NW
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