Listed by SRS Real Estate Partners Newport Beach
$1,466,000
Advance Auto Parts
Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 12,500
Cap Rate 7.25%
NOI $106,250
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Term 25.7
Lease Expiration 02/28/2027
Remaining Term 0.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1983
Year Renovated 2003
Acreage 1.580
Zoning CR - Regional Commercial
Parking Spaces 103 spaces
Parking Per SqFt 8.24
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/05/2001
Ownership Fee Simple
Retail | 7.25% CAP | 12,500 SF
Investment highlights
Approximately 2 Years Remaining | Corporate Signed | Scheduled Rental Increases
NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Franklin Park Mall (1,349,000 SF) | Beverly Hills Plaza (96,000 SF) |Miracle Mile Plaza (498,000 SF) | Primary Retail Corridor
Strong Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,250.00
$8,854.17/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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