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ADVANCE AUTO PARTS 201 Freedom Way

6,000 SF Retail Building Midway Park, NC 28544 £664,338 (£111/SF) 7.51% Net Initial Yield

Investment Highlights

  • Long Operating History- Advance Auto Parts has been at this location since 1988 (Over 36 Years)
  • Strong Rent to Sales Ratio of about 4%
  • Below Market Rents
  • Roof & Parking Lot Replaced within the last 5 Years
  • 80th Percentile Store Nationally Per Alpha Maps
  • Outparceled to a 96% Leased, ±150,000 SF, Food Lion anchored shopping center

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
1988
Price
£664,338
Price Per SF
£111
Net Initial Yield
7.51%
NOI
£49,868
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
0.74 AC
Zoning
B1
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
108 ft on Freedom Way

Amenities

  • Pylon Sign
  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 1116-84.7 Improvements Assessment £531,052
Land Assessment £278,698 Total Assessment £809,751

PROPERTY TAXES

Parcel Number
1116-84.7
Land Assessment
£278,698
Improvements Assessment
£531,052
Total Assessment
£809,751
(954) 357-0614

  • Listing ID: 33910163

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 201 Freedom Way, Midway Park, NC 28544

The Retail Property at 201 Freedom Way, Midway Park, NC 28544 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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© 2024 CoStar Group

ADVANCE AUTO PARTS | 201 Freedom Way
(954) 357-0614 x

ADVANCE AUTO PARTS | 201 Freedom Way

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Dylan Schroeder

(954) 357-0614

(954) 357-0614

Connor Knauer

(404) 400-2794

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