Listed by Exclusive Realty
$1,300,309
Advance Auto Parts, Bartlesville, OK
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,797
Units 1
Cap Rate 6.46%
NOI $84,000
Occupancy 100%
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NN
Rent Bumps Yes
Lease Options 1 (5) Year Option
Price per SqFt $191
Year Built 2007
Buildings 1
Stories 1
Acreage 0.880
Zoning AA1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 6.46% CAP | 6,797 SqFt
Marketing description
Exclusive Realty is pleased to present this 6,797 square foot Advance Auto Parts store located in Bartlesville, OK. The property has a NN Lease with minimal Landlord responsibility. The lease is corporately guaranteed by Advance Auto Parts, Inc. The subject property is located o of SE Washington Blvd, which sees over 24,000 vehicles per day, making it an ideal location for commercial property. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top auto stores.
Investment highlights
NN Lease/Minimal Landlord Responsibilities
Built in 2007
24,000+ Vehicles Per Day
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo
Valuation Metrics
0
DSCR
6.46%
Cap Rate
6.46%
ROI
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