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Advance Auto Parts 9 W Montauk Hwy 7,000 SF Retail Building Lindenhurst, NY 11757 $5,474,920 CAD ($782.13 CAD/SF)
Investment Highlights
- 46 On Site Car Parking
Executive Summary
Pliskin Realty is pleased to offer for sale a 7,000 SF building on a
37,461 SF lot occupied by Advanced Auto Parts with a corporate
lease.
Corporate Lease: Advanced Auto Parts (AAP) is traded on the NYSE
Advanced Auto Parts reported net sales in excess of $11 Billion.
Long Term Occupancy: Advance Auto Parts has been at this location
since 2008 and has executed two lease extensions. demonstrating
their commitment to the site. Advanced Auto Parts has 10 years
remaining on their present lease with three (3) - 5 year renewal
options.
Attractive Rent Increases: The Advanced Auto Parts lease calls for a
10% rent increase on February 1, 2031, followed by a 10% rent
increase at the start of each of the three option renewals.
Minimal Landlord Responsibilities: The landlord is responsible for
the structure, foundation and slab. AAP is responsible for everything
else including Taxes, Cam, Insurance, Roof, Parking Lot, etc.
High Traffic Counts: Over 27,000 vehicles pass directly in front of the
property daily
37,461 SF lot occupied by Advanced Auto Parts with a corporate
lease.
Corporate Lease: Advanced Auto Parts (AAP) is traded on the NYSE
Advanced Auto Parts reported net sales in excess of $11 Billion.
Long Term Occupancy: Advance Auto Parts has been at this location
since 2008 and has executed two lease extensions. demonstrating
their commitment to the site. Advanced Auto Parts has 10 years
remaining on their present lease with three (3) - 5 year renewal
options.
Attractive Rent Increases: The Advanced Auto Parts lease calls for a
10% rent increase on February 1, 2031, followed by a 10% rent
increase at the start of each of the three option renewals.
Minimal Landlord Responsibilities: The landlord is responsible for
the structure, foundation and slab. AAP is responsible for everything
else including Taxes, Cam, Insurance, Roof, Parking Lot, etc.
High Traffic Counts: Over 27,000 vehicles pass directly in front of the
property daily
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2008
Price
$5,474,920 CAD
Price Per SF
$782.13 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.86 AC
Parking
46 Spaces (6.57 Spaces per 1,000 SF Leased)
Frontage
120’ on Montauk Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $18,218 CAD | |
| Land Assessment | $10,197 CAD | Total Assessment | $28,415 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,197 CAD
Improvements Assessment
$18,218 CAD
Total Assessment
$28,415 CAD
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Advance Auto Parts | 9 W Montauk Hwy
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