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Advance Auto Parts 435 W Sanilac Ave 6,806 SF Retail Building Sandusky, MI 48471 $1,574,598 CAD ($231.35 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease with Advance Auto which operates over 4,700 stores in the US and Canada
- High profile free-standing building on large parcel located along primary retail thoroughfare
- NN lease with minimal landlord maintenance obligations provides passive ownership for out of state investor
- Advance Auto recently reported EPS higher than expected and reaffirmed it's full year guidance
- 9.0% going in CAP Rate
- Fee simple ownership allows for depreciation of the building boosting after tax returns
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this Advance Auto Parts in Sandusky, MI.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,806 SF
Building Class
C
Year Built
2007
Price
$1,574,598 CAD
Price Per SF
$231.35 CAD
Cap Rate
9%
NOI
$141,686 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.26 AC
Frontage
135’ on Sanilac
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 320-155-000-005-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $319,022 CAD |
PROPERTY TAXES
Parcel Number
320-155-000-005-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$319,022 CAD
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Advance Auto Parts | 435 W Sanilac Ave
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