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45 Main St 6 865 pi² Commerce de détail Immeuble Savannah, TN 38372 1 247 672 $ CAD (181,74 $ CAD/pi²) 6,50% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Advance Auto Parts has been operating out of the location since 2000, and recently extended the lease.
- The area supports over 12,500 residents within a 5-mile radius and average household incomes exceeding $60,000, reinforcing retail viability.
- The automotive aftermarket sector remains recession-resistant, driven by an aging vehicle population and ongoing demand for parts and maintenance serv
- Listed at $905,846 with a 6.50% CAP rate, the offering provides an affordable entry point for investors seeking stable, credit-backed cash flow.
- Lease backed by Advance Auto Parts, Inc., providing added financial security and peace of mind for investors.
RÉSUMÉ DE L'ANNONCE
AiCRE Partners, as exclusive investment sales advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Advance Auto Parts, a nationally recognized automotive parts retailer located at 45 Main Street in Savannah, Tennessee.
This 7,000-square-foot freestanding retail property was built in 2002 and sits on a 1.26-acre parcel in the heart of Savannah’s primary commercial corridor. The property is leased to Advance Auto Parts, Inc., a publicly traded company (NYSE: AAP) and one of the largest automotive aftermarket parts providers in North America. With over 4,600 locations and nearly a century of industry presence, Advance Auto Parts is a creditworthy tenant with strong brand recognition and operational performance. Advance Auto Parts has operated at this location since 2000, demonstrating a long-term commitment to the site. The lease offers 10 years of remaining term through December 31, 2035, with a 6% rent increase in 2031 and two (2) additional 5-year renewal options featuring rental escalations of 28.45% and 4.63%, respectively. The NN lease structure requires the landlord to maintain only the roof, structure, parking lot, and any HVAC repairs over $500.
Strategically positioned on Main Street, the property benefits from strong visibility and steady traffic in a regionally significant trade area. Savannah serves as the county seat of Hardin County and draws consistent consumer activity from nearby regional attractions such as Pickwick Lake and Shiloh National Military Park. Demographics within a 5-mile radius
include a population of over 12,500 residents and an average household income of approximately $61,000.
Priced at $905,846 with a 6.50% CAP rate, this offering represents an attractive opportunity to acquire a stable, income-generating asset backed by a nationally recognized tenant, with long-term cash flow and limited landlord obligations in a growing Tennessee market.
This 7,000-square-foot freestanding retail property was built in 2002 and sits on a 1.26-acre parcel in the heart of Savannah’s primary commercial corridor. The property is leased to Advance Auto Parts, Inc., a publicly traded company (NYSE: AAP) and one of the largest automotive aftermarket parts providers in North America. With over 4,600 locations and nearly a century of industry presence, Advance Auto Parts is a creditworthy tenant with strong brand recognition and operational performance. Advance Auto Parts has operated at this location since 2000, demonstrating a long-term commitment to the site. The lease offers 10 years of remaining term through December 31, 2035, with a 6% rent increase in 2031 and two (2) additional 5-year renewal options featuring rental escalations of 28.45% and 4.63%, respectively. The NN lease structure requires the landlord to maintain only the roof, structure, parking lot, and any HVAC repairs over $500.
Strategically positioned on Main Street, the property benefits from strong visibility and steady traffic in a regionally significant trade area. Savannah serves as the county seat of Hardin County and draws consistent consumer activity from nearby regional attractions such as Pickwick Lake and Shiloh National Military Park. Demographics within a 5-mile radius
include a population of over 12,500 residents and an average household income of approximately $61,000.
Priced at $905,846 with a 6.50% CAP rate, this offering represents an attractive opportunity to acquire a stable, income-generating asset backed by a nationally recognized tenant, with long-term cash flow and limited landlord obligations in a growing Tennessee market.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Réparation automatique
Taille du bâtiment
6 865 pi²
Classe d’immeuble
B
Année de construction
2002
Prix
1 247 672 $ CAD
Prix par pi²
181,74 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
81 099 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,13
Taille du lot
1,26 AC
Zonage
B2 - Commercial
Stationnement
38 places (2,79 places par 1 000 pi² loué)
Façade
157’ sur Main St
PRINCIPAUX LOCATAIRES
- LOCATAIRE
- SECTEUR
- pi² OCCUPÉ
- LOYER/pi²
- FIN DU BAIL
-
- Détaillant
- -
- -
- Mai 2021
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| LOCATAIRE | SECTEUR | pi² OCCUPÉ | LOYER/pi² | FIN DU BAIL | ||
|
|
Détaillant | - | - | Mai 2021 |
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 083A-L-005.00 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 317 718 $ CAD |
Impôts fonciers
Numéro de lot
083A-L-005.00
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
317 718 $ CAD
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