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Advance Auto Parts 625 Second St 8,075 SF Retail Building N Wilkesboro, NC 28659 $1,585,909 CAD ($196.40 CAD/SF) 7.25% Cap Rate
Investment Highlights
- High-Performing, Legacy Store
- Recent Tenant Extension
- Corporate Guaranty
- Below-Market Rent Structure
Executive Summary
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 625 2nd Street, North Wilkesboro, NC 28659. The site consists of roughly 8,075 rentable square feet of building space on an estimated 1.05-acre parcel of land. Advance Auto Parts is subject to a 41-year Double Net (NN) lease, which commenced 2.27.1995. The current annual rent is $84,000 and has scheduled increases of 5.7% In 2032.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,075 SF
Building Class
C
Year Built
1995
Price
$1,585,909 CAD
Price Per SF
$196.40 CAD
Cap Rate
7.25%
NOI
$114,978 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
C - Commercial Business
Frontage
177’ on 2nd Street
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 1405162 | Improvements Assessment | $591,590 CAD |
| Land Assessment | $248,651 CAD | Total Assessment | $840,241 CAD |
Property Taxes
Parcel Number
1405162
Land Assessment
$248,651 CAD
Improvements Assessment
$591,590 CAD
Total Assessment
$840,241 CAD
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Advance Auto Parts | 625 Second St
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