Harrison Capital Advisors
Listed by Harrison Capital Advisors
$1,210,000
Advanced Auto Parts
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,000
Cap Rate 6.65%
NOI $80,500
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NNN
Lease Expiration 03/31/2033
Remaining Term 6.8
Rent Bumps Yes
Class A
Year Built 2006
Acreage 1.240
Zoning Commercial
Parking Spaces 40 spaces
Parking Per SqFt 5.71
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 04/01/2026
Ground Lease No
Advance Auto Parts | 6.65% CAP | South Carolina
Marketing description
This Advance Auto Store is located in Hemingway on the main thoroughfare that runs through town. This store has been a part of the local community since it was built in 2005. As of March 2026, Hemingway has seen a 50% year over year increase in home sales. Hemingway is set in the path of regional growth from Horry County and the Myrtle Beach area which continues to grow at a rapid pace.
Investment highlights
- Advance Auto store with long term commitment to the area
- Strong growth county in South Carolina
- Rent increases 10% every 5 years in Option Periods
- Corporate Guaranty by Advance Stores Company, Inc.
- 8,300 VPD on N. Main Street
- Located 50 miles from Myrtle Beach, SC
- S&P BB Investment Grade Credit $8.6 Billion in Sales in Fiscal 2025
- Perfect 1031 Exchange Property
- Stock Symbol- AAP (NYSE) As of March 2026 stock is up 30%
Listing Contacts
Harrison Capital Advisors
Listed by Harrison Capital Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,500.00
$6,708.33/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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