Listed by Marcus & Millichap - Boston
$2,080,000
Advance Auto Parts - New Bedford, MA
Details
APN 102 0081, 102 0183
Property Type Retail
Sub Type Auto Shop
Square Footage 7,000
Units 1
Cap Rate 7.25%
NOI $150,840
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 25
Lease Expiration 10/31/2032
Remaining Term 6.3
Rent Bumps Yes
Year Built 2007
Acreage 0.560
Zoning IA
Parking Spaces 36 spaces
Parking per 1,000 SqFt 5.14
Investment Type Net Lease
Lease Commencement 10/25/2007
Ground Lease No
Ownership Fee Simple
Retail | 7.25% CAP | 7,000 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present for sale a NNN lease with Advance Auto Stores Company, in the historic town of New Bedford, MA.
Investment highlights
- HIGH-PERFORMING STORE - RANKED #32 OF 80 STATE LOCATIONS in MA. This location ranks is one of Advance Auto Parts' stronger-performing stores, ranking #32 among approximately 80 Massachusetts locations. It also ranks sixth amongst 29 locations within a 30-mile radius.
- NNN LEASE - The tenant is responsible for all operating expenses, maintenance, roof, and capital expenditures, with landlord solely responsible for structure, foundation, and slab
- TENANT: ADVANCE STORES COMPANY, INC. - A subsidiary of Advance Auto Parts, Inc., one of North America's largest automotive aftermarket retailers with more than 4,300 locations and approximately $8.6 billion in annual revenue
- 6 YEARS LEFT WITH OPTIONS THROUGH 2042 & 7% RENT INCREASES - The lease offers approximately six years of remaining base term, followed by renewal options extending occupancy through 2042. Each option period features 7% rent increases, providing contractual income growth and long-term appreciation potential
- ESTABLISHED RETAIL LOCATION SERVING THE SOUTH COAST SINCE 2007 - Advance Auto Parts has successfully operated from this location since 2007, demonstrating long-term commitment to the site and a proven operating history within one of New Bedford's primary commercial corridors.
- HIGH-VISIBILITY SIGNALIZED CORNER LOCATION - The property occupies a signalized intersection along Mount Pleasant Street with excellent visibility, convenient access, and proximity to major retailers, supporting consistent customer traffic and long-term operating performance.
Listing Contacts
Listed by Marcus & Millichap - Boston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,840.00
$12,570.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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