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Advance Auto Parts 6011 National Pike 5,675 SF Retail Building Grindstone, PA 15442 $1,190,670 CAD ($209.81 CAD/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Below market rent | Easily replaceable rent and potential future value add upside if tenant should leave
- Long operating history | Leased since 1997 | Proven client base | Tennat has extended the lease 3 separate times showing loyalty to the site
- 4.5 miles from Monongahela Valley Hospital | 200 beds
- Corporate lease | Advance Stores Company, Inc. | 4,285 locations across 3 countries
- Rare 15.80% rent increase in option 1 set to occur in 2031
- 10 minutes from PennWest California | 2,717 students
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Advance Auto Parts in Grindstone, PA. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront
Building Size
5,675 SF
Building Class
C
Year Built
1997
Price
$1,190,670 CAD
Price Per SF
$209.81 CAD
Cap Rate
7.40%
NOI
$88,078 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.52 AC
Zoning
Commercial
Parking
25 Spaces (4.41 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 30-04-0069 | Improvements Assessment | $196,622 CAD |
| Land Assessment | $26,601 CAD | Total Assessment | $223,222 CAD |
PROPERTY TAXES
Parcel Number
30-04-0069
Land Assessment
$26,601 CAD
Improvements Assessment
$196,622 CAD
Total Assessment
$223,222 CAD
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Advance Auto Parts | 6011 National Pike
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