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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24702664
24702663

1737 N Central Ave, Marshfield, WI 54449

PW
FL SL3185318
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$1,312,500
327 days on market
Updated 86 days ago

Advance Auto Parts | 8.00% CAP | Main & Main Corner | WI

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,013
Cap Rate 8.00%
NOI $105,000
Occupancy 100%
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NN
Lease Expiration 06/30/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options 2 (5-Year Options)
Broker Co-Op Yes
Class A
Year Built 2004
Acreage 0.890
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition 1031 exchange

Retail | 8.00% CAP | 7,013 SqFt

Marketing description

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this Advance Auto Parts in Marshfield, WI. This main and main corner location has been leased to Advance Auto for 20 years and is an opportunity to buy the dominant piece of real estate in the market with a corporate Net Lease and future upside potential.

Investment highlights

Trophy Location

Strategic main and main location across from Target & Walmart

Corporate Lease

Corporate Lease with Advance Auto which operates over 4,700 stores in the US and Canada

Covered Land Play

Dominant location with below market rent

High Yield Investment

8.0% going in CAP with potential future upside

Net Lease

NN lease with minimal landlord maintenance obligations provides passive ownership for out of state investor

Depreciation

Fee simple ownership allows for depreciation of the building boosting after tax returns

Listing Contacts

PW
FL SL3185318
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$105,000.00
$8,750.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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