Advance Auto Parts - Penndel, PA | 56 W Lincoln Hwy
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Advance Auto Parts - Penndel, PA 56 W Lincoln Hwy
7,000 SF Retail Building Penndel, PA 19047 £2,647,970 (£378/SF) 5.64% Net Initial Yield
Investment Highlights
- Over 9-Years Remaining on an Absolute Triple Net Lease - Zero Landlord Responsibilities
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
- The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries and Other Parts
- This Lease is Corporately Guaranteed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB - From S&P and Baa2 From Moody's
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Nearby Retailers include: Dunkin' Donuts, Toyota, Wawa, Denny's, Enterprise, McDonalds, Hyundai, Lowe's and Langhorne Square Shopping Center
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 56 West Lincoln Highway in Penndel, PA. This Deal Includes Over 9-Years Remaining on an Absolute Triple Net Lease With Zero Landlord Responsibilities on a Lease That is Corporately Guaranteed By Advance Auto Parts, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383
In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2008
Price
£2,647,970
Price Per SF
£378
Net Initial Yield
5.64%
NOI
£149,275
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
0.98 AC
Zoning
32RC - Residential Commercial Mixed Use
Parking
35 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- £21.32
- NNN
- Oct 2033
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | £21.32 | NNN | Oct 2033 |
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 32-003-024-001 | Improvements Assessment | £49,176 |
| Land Assessment | £33,439 | Total Assessment | £82,615 |
PROPERTY TAXES
Parcel Number
32-003-024-001
Land Assessment
£33,439
Improvements Assessment
£49,176
Total Assessment
£82,615
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Advance Auto Parts - Penndel, PA | 56 W Lincoln Hwy
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