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ADVANCE AUTO PARTS 215 5th St
6,889 SF Retail Building Beverly, OH 45715 £816,546 (£119/SF) 8.25% Net Initial Yield
Investment Highlights
- Advance Auto Parts is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it-yourself cust
- ±6.5 years of term remaining with an additional 5 five-year options with 5% rental increases, providing investors with long-term security.
- Attractive return providing an above average market yield.
- The property boasts a corporate guaranteed lease.
- 2015 BTS construction on the subject property.
Executive Summary
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£67,365
|
£9.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£67,365
|
£9.78
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £67,365 |
| Annual Per SF | £9.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £67,365 |
| Annual Per SF | £9.78 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 6,889 SF
- £9.78
- Double Net
- Dec 2030
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of July 13, 2024, Advance operated many stores and Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found www.AdvanceAutoParts.com.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 6,889 SF | £9.78 | Double Net | Dec 2030 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £107,610 | |
| Land Assessment | £42,166 | Total Assessment | £149,777 |
PROPERTY TAXES
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
Presented by
ADVANCE AUTO PARTS | 215 5th St
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