Advance Auto Parts | 404 N 5th Ave
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Advance Auto Parts 404 N 5th Ave
7,000 SF Retail Building Manchester, GA 31816 £744,250 (£106/SF) 7% Net Initial Yield
Executive Summary
No Competition In Immediate Area - Nearest Auto Parts competitor is located 18.5 miles away.
7+ Years Remaining - On the primary term including four, 5-year options.
Low Rent-to-Sales Ratio - Sub 4% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts’ commitment to the site.
Previous Early Lease Extensions - Advance Auto Parts have consistently extended their lease demonstrating their commitment to this site.
NN Lease - Minimal Landlord responsibilities.
Corporate Guarantee From An Investment Grade Tenant - Baa3 Moody’s Credit Rating.
Excellent visibility along N 5th Ave - 12,500+ VPD along N 5th Ave.
Low Rent Per Square Foot - Advance Auto Parts is paying $9.29 Per SF at this location.
Below Replacement Cost - Could not purchase land and build this building for less money.
Columbus, GA MSA - Population exceeded 323,700 within Columbus, GA MSA in 2023.
Surrounded by Ideal Auto Parts Consumer Base - Average Household Income is $64,898 within 5 miles of the property.
7+ Years Remaining - On the primary term including four, 5-year options.
Low Rent-to-Sales Ratio - Sub 4% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts’ commitment to the site.
Previous Early Lease Extensions - Advance Auto Parts have consistently extended their lease demonstrating their commitment to this site.
NN Lease - Minimal Landlord responsibilities.
Corporate Guarantee From An Investment Grade Tenant - Baa3 Moody’s Credit Rating.
Excellent visibility along N 5th Ave - 12,500+ VPD along N 5th Ave.
Low Rent Per Square Foot - Advance Auto Parts is paying $9.29 Per SF at this location.
Below Replacement Cost - Could not purchase land and build this building for less money.
Columbus, GA MSA - Population exceeded 323,700 within Columbus, GA MSA in 2023.
Surrounded by Ideal Auto Parts Consumer Base - Average Household Income is $64,898 within 5 miles of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2003
Price
£744,250
Price Per SF
£106
Net Initial Yield
7%
NOI
£52,098
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.89 AC
Zoning
001
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | MA11-234 | Improvements Assessment | £66,396 |
| Land Assessment | £17,729 | Total Assessment | £84,125 |
PROPERTY TAXES
Parcel Number
MA11-234
Land Assessment
£17,729
Improvements Assessment
£66,396
Total Assessment
£84,125
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Advance Auto Parts | 404 N 5th Ave
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