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Advanced Auto Parts 3360 Bayside Lakes Blvd SE

5,000 SF 100% Leased Retail Building Palm Bay, FL 32909 £2,701,044 (£540/SF) 5.85% Net Initial Yield

Investment Highlights

  • 15-Year Modified NNN Lease, Landlord Responsible for Structure and Foundation
  • Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
  • Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
  • 10% Increases Every 5 Years and in Each Option Period
  • Investment Grade Credit Tenant, Rated ‘BBB-’ by S&P
  • Brand New Upgraded Block Architectural Design

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,000 SF
Year Built
2024
Construction Status
Under Construction
Price
£2,701,044
Price Per SF
£540
Net Initial Yield
5.85%
NOI
£158,002
Percent Leased
100%
Number of Floors
1

Links

1 of 1
(858) 373-3174

  • Listing ID: 33208247

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: 3360 Bayside Lakes Blvd SE, Palm Bay, FL 32909

The Retail Property at 3360 Bayside Lakes Blvd SE, Palm Bay, FL 32909 is currently available For Sale. Contact Marcus & Millichap for more information.

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© 2024 CoStar Group

Advanced Auto Parts | 3360 Bayside Lakes Blvd SE
(858) 373-3174 x

Advanced Auto Parts | 3360 Bayside Lakes Blvd SE

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Phil Sambazis

(858) 373-3174

(858) 373-3174

Ryan Nee

(954) 245-3400

(954) 245-3400

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