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Advance Auto 8610 Highway 52 6,895 SF Retail Building Rockwell, NC 28138 $2,176,239 CAD ($315.63 CAD/SF) 6.60% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Ideally located in Charlotte, NC.

EXECUTIVE SUMMARY

-Advance Auto Parts: Essential Business Tenant, Pandemic & Recession Resistant
- Corporate leased building by Advance Auto Parts.
-Investment Grade Tenant: Advance Auto Parts, Inc. (NYSE: AAP); Investment Grade Credit Rating: BBB- (S&P)
-Ideal for 1031 Exchange Buyer and/or Passive Investor
-Free standing single tenant building, built specifically for Advance Auto Parts, Inc.
- Located in Charlotte, NC MSA.
- Double Net+ Lease. Minimal Landlord responsibilities (slab, foundation, structure).

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,895 SF
Year Built
2013
Price
$2,176,239 CAD
Price Per SF
$315.63 CAD
Cap Rate
6.60%
NOI
$143,640 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.20 AC
Zoning
B3 - General Business
Parking
32 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
307’ on U.S. 52

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
357-A064A
Land Assessment
$398,838 CAD
Improvements Assessment
$829,175 CAD
Total Assessment
$1,228,013 CAD
  • Listing ID: 28310167

  • Date on Market: 2023-04-24

  • Last Updated:

  • Address: 8610 Highway 52, Rockwell, NC 28138

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