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Advance Auto 8610 Highway 52

6,895 SF Retail Building Rockwell, NC 28138 £1,299,010 (£188/SF) 6.25% Net Initial Yield

Investment Highlights

  • Ideally located in Charlotte, NC.

Executive Summary

-Advance Auto Parts: Essential Business Tenant, Pandemic & Recession Resistant
- Corporate leased building by Advance Auto Parts.
-Investment Grade Tenant: Advance Auto Parts, Inc. (NYSE: AAP); Investment Grade Credit Rating: BBB- (S&P)
-Ideal for 1031 Exchange Buyer and/or Passive Investor
-Free standing single tenant building, built specifically for Advance Auto Parts, Inc.
- Located in Charlotte, NC MSA.
- Double Net+ Lease. Minimal Landlord responsibilities (slab, foundation, structure).

Attachments

Advance Auto Parts Rockwell NC FLYER

Property Facts

Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,895 SF
Year Built
2013
Price
£1,299,010
Price Per SF
£188
Net Initial Yield
6.25%
NOI
£81,188
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
2.20 AC
Parking
32 Spaces (4.64 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 357-A064A Improvements Assessment £467,797
Land Assessment £225,013 Total Assessment £692,811

PROPERTY TAXES

Parcel Number
357-A064A
Land Assessment
£225,013
Improvements Assessment
£467,797
Total Assessment
£692,811
(336) 215-6238

  • Listing ID: 28310167

  • Date on Market: 24/04/2023

  • Last Updated:

  • Address: 8610 Highway 52, Rockwell, NC 28138

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Advance Auto | 8610 Highway 52
(336) 215-6238 x

Advance Auto | 8610 Highway 52

David Hampton

(336) 215-6238

(336) 215-6238

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