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Advance Auto Parts | 3+yrs Remain NN 431 Genesee St 6,549 SF Retail Building Chittenango, NY 13037 $2,028,272 CAD ($309.71 CAD/SF) 8.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 3+ Years Remaining | Options To Extend | Popular Brand
  • Signalized, Hard-Corner Intersection (21,900 VPD) | Excellent Visibility | Significant Street Frontage | Large Sign
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Advance Auto Parts investment property located in Chittenango, New York. The tenant, Advance Stores Company, Inc., has approximately 3 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Advance Auto Parts currently has over 4,000 locations across the United States, Canada, Mexico, and more.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,549 SF
Year Built
2007
Price
$2,028,272 CAD
Price Per SF
$309.71 CAD
Cap Rate
8.50%
NOI
$172,403 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.67 AC
Zoning
Commercial
Parking
32 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
147’ on Genesee St

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
254801-041-081-0001-047-000-0000
Land Assessment
$205,175 CAD
Improvements Assessment
$668,928 CAD
Total Assessment
$874,103 CAD
  • Listing ID: 32629940

  • Date on Market: 2024-07-30

  • Last Updated:

  • Address: 431 Genesee St, Chittenango, NY 13037

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