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Advance Auto Parts 41 Bullsboro Dr 8,303 SF Retail Building Newnan, GA 30263 $1,697,439 CAD ($204.44 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely Long Operating History
- Strong Traffic Count and Frontage
- Recession Resistant Business Due to Non Discretionary Nature of Services
- Corporate Guarantee from Advance Stores Company Inc.
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 41 Bullsboro Drive, Newnan, GA 30263. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.75-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 $91,200 and has scheduled increases of 6.25% in next option period.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,303 SF
Building Class
C
Year Built
1994
Price
$1,697,439 CAD
Price Per SF
$204.44 CAD
Cap Rate
7.50%
NOI
$127,308 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
1 - Commercial
Frontage
AMENITIES
- Pylon Sign
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | N34-0001-024 | Improvements Assessment | $220,630 CAD |
| Land Assessment | $47,175 CAD | Total Assessment | $267,805 CAD |
PROPERTY TAXES
Parcel Number
N34-0001-024
Land Assessment
$47,175 CAD
Improvements Assessment
$220,630 CAD
Total Assessment
$267,805 CAD
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Advance Auto Parts | 41 Bullsboro Dr
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