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- LoopNet Team
330 Washington St
Ravenswood, WV 26164
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- 6 Years Remaining - Recent 8 Year Lease Extension - Fee Simple Ownership
- 2 - 5 Year Options - 10% Increases Each Option Period
- Investment Grade Credit Tenant - (NYSE: AAP) - Rated “BBB-” by S&P
- Low Downside Risk - Attractive Low Price Point - Replaceable Rent - $9.50 PSF
- Minimal Landlord Responsibilities - Roof & Structure Only (15 Year Roof Warranty in Place)
PROPERTY FACTS
Amenities
- Pylon Sign
About 330 Washington St , Ravenswood, WV 26164
We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by Advance Auto Parts (NYSE: AAP) with 6 years remaining on a recent 8 year extension. The tenant has occupied this location since 1996 and has committed to an 8 year extension which commenced 1/1/2017 proving the location quality of this asset. Additionally, Advance Auto Parts negotiated 2 additional 5 year options as part of the 8 year extension to continue its operations. Located in Ravenswood, WV the subject property benefits from its positioning on the major North/South corridor through Ravenswood along with its close proximity to traffic generators such as Ravenswood Plaza Shopping Center, McDonald’s, Rite Aid, Taco Bell, Wendy’s and more. This is an excellent opportunity to buy an investment grade credit tenant (rated “BBB-” by S&P’s), at an attractive low price point, with replaceable rent, and minimal landlord obligations.
PROPERTY TAXES
| Parcel Number | 03-12-00260005 | Improvements Assessment | £189,814 |
| Land Assessment | £50,329 | Total Assessment | £240,143 |
PROPERTY TAXES
