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Advance Auto Parts -New 10-Yr Lease Ext. 75 Robinson St 7,000 SF Retail Building Binghamton, NY 13901 $1,842,123 CAD ($263.16 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New roof in 2025 (now Tenant responsibility)
- Located within 1 mile of several auto repair shops
- Signalized intersection
- 10 minutes to Binghamton University
- Recent 10-year lease extension
Executive Summary
The building, with a new roof in 2025, contains approximately 7,000 SF and sits at a signalized corner on approximately 0.76 AC. It has excellent visibility from the feeder road leading to Interstates 81 and 86 and is strategically located within a mile of many of the city’s auto repair shops.
Advance has been operating in this same location for more than 25 years and recently committed to a lease extension through December 31, 2035 with two, 5-year options remaining.
Property Facts
Amenities
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Advance Auto Parts began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 030200-144-083-0004-005-001-0000 | Improvements Assessment | $848,098 CAD |
| Land Assessment | $109,278 CAD | Total Assessment | $957,376 CAD |
Property Taxes
Presented by
Advance Auto Parts -New 10-Yr Lease Ext. | 75 Robinson St
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